Jencap Buys Specialty Wholesale Brokerage

BI - October 8, 2021 - Jencap Group LLC said Friday it has acquired specialty wholesale brokerage and managing general agency Russell Bond & Co.

Terms of the transaction were not disclosed.

Buffalo, New York-based Russell Bond will operate under the Jencap Specialty Insurance Services division. The Russell Bond website shows about 25 employees.

John F. Jennings, CEO of Jencap, said in the Friday statement the deal will expand the wholesaler’s geographic footprint.