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Wholesaler Jencap Group LLC said it has promoted Mark Maher, its chief operating officer and president of its NIF Group division, to president.
John Jennings, who had been president and CEO of Jencap, remains CEO of the New York-based intermediary, a spokesman said. The company said it will fill the COO post.
JenCap Holdings LLC is the sixth-largest property/casualty wholesaler, based on Business Insurance’s latest rankings, with $1.12 billion in 2019 premium volume.
Private equity investment firms Oak Hill Capital Partners and The Carlyle Group on Friday said they have formed a holding company that will house retail brokerage EPIC Insurance Brokers & Consultants and wholesaler and managing general agent JenCap Holdings LLC.