NIF Group to amass Pacific Coast E&S Insurance coverage Companies
NIF Group (NIF), a national program manager and regional wholesale broker of Jencap Group, has entered into an agreement to acquire the assets of Pacific Coast E&S Insurance Services (PCES), a specialist wholesale broker and managing general agent (MGA) in Santa Rosa, CA.
The deal strengthens Jencap’s overall growth as a specialty insurance distribution company that includes MGAs, program managers and transactional wholesale brokers.
Commenting on the deal, John F. Jennings, President and CEO of Jencap: “Pacific Coast E&S Insurance Services is our 12th transaction since Jencap was founded. This acquisition will add to our overall growth among the largest specialty insurance distribution platforms in the United States. “
Founded in 1976 and purchased by Jencap in 2016, NIF offers independent agents and brokers a wide range of specialty insurance products from their national offices. Mark Maher, president of the NIF, said the acquisition of PCES was consistent [NIF’s] continuous growth strategy and expanding the range of products and services we offer. “
PCES has built expertise in both personal and commercial E&S. The focus is on providing MGA facilities and brokering E&S lines for retail brokers and agents in the West Coast and Pacific Northwest.
“Our group has a significant underwriting background in both personal and commercial property and casualty insurance products,” said Joe Bonilla, director of PCES. “We are excited to expand our reach through NIF and Jencap.”