JenCap agrees to buy wholesaler Genesee General

Carlyle-backed JenCap Holdings has agreed to buy privately held
MGA, program administrator and wholesale broker Genesee General,
The Insurance Insider can reveal.
According to sources, the deal - the seventh acquisition by the
consolidator - will take JenCap to around $700mn in annual written
premium, making it one of the top ten wholesalers in the US. Terms
were not disclosed.
Alpharetta, Georgia-based Genesee General was founded in 1982
and has been led by Roger Ware since 1998, with around 10