Expands Services to Retailers on West Coast and Pacific Northwest
New York, NY (January 4, 2021) – NIF Group, and its parent company, Jencap Group, announced today they have agreed to acquire the assets of Pacific Coast E&S Insurance Services (PCES), a specialty wholesale brokerage and MGA firm. The acquisition of PCES continues to expand Jencap’s overall growth as a specialty insurance distribution business, including managing general agents (MGA), program managers and transactional wholesale brokers.
NIF Group (NIF) is one of the country’s leading program managers and wholesale brokers, providing independent agents and brokers a broad range of specialty insurance products from its national offices. NIF was formed in 1976 and acquired by Jencap in 2016 as a part of the Jencap umbrella of consolidating specialty insurance businesses.
John F. Jennings, President and Chief Executive Officer at Jencap, stated, “Pacific Coast E&S Insurance Services is our 12th transaction since founding Jencap. This acquisition will contribute to our overall growth among the largest specialty insurance distribution platforms in the U.S.”
With its principal office in Santa Rosa, CA, PCES focuses on providing MGA facilities and the brokerage of Excess & Surplus Lines to retail brokers and agents on the West Coast and Pacific Northwest. Joe Bonilla, Director of PCES, commented, “Our group has significant underwriting backgrounds in both personal and commercial property and casualty products and we are excited to extend our reach through NIF and Jencap.”
Mark Maher, President of NIF, stated, “Retailers rely upon Pacific Coast E&S’ established expertise in the personal and commercial E&S space. This acquisition aligns with our ongoing growth strategy and expands the range of products and services we offer.”
About Pacific Coast E&S Insurance Services LLC
Pacific Coast E&S Insurance Services (PCES) is an independently owned MGA and wholesale brokerage firm founded in 1996. PCES provides retail brokers and agents on the West Coast and Pacific Northwest with an extensive range of products and services in the personal and commercial property and casualty sectors via substantial in-house underwriting authority and strong brokerage relationships. For more information on PCES, visit: www.pacificcoastes.com.
About NIF Group
NIF Group (NIF) is a national program manager and regional wholesale broker. Based in New York with offices nationwide, NIF underwrites programs for nonprofits, social service agencies, bowling centers, and contractors, and offers access to specialty property and casualty coverages, such as contractors, difficult products, environmental, complex property and management/professional liability. For more information on NIF, visit: www.nifgroup.com.
About Jencap Group
Jencap Group (Jencap) is a premier national specialty insurance distribution platform that includes managing general agencies, specialty program administrators, and transactional wholesale brokers. Jencap has assembled a management team with the sector insight and experience to drive organic growth and strategic acquisitions leveraging technology and advanced data analytics. Jencap is headquartered in New York. For more information on Jencap, visit: www.jencapgroup.com.