StageAcquired | Acquired
About Quaker Special Risk
Quaker Special Risk is an NJ-based specialty insurance program administrator and wholesale brokerage. On June 22nd, 2020, Quaker Special Risk was acquired by JenCap Holdings. The terms of the transaction were not disclosed.
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Latest Quaker Special Risk News
Jun 23, 2020
SHARE JenCap Holdings has acquired specialty program administrator and wholesale brokerage Quaker Special Risk. The deal, which included the sale of Quaker Agency T/A Quaker Special Risk, and Quaker Insurance Agency of Massachusetts to JenCap, marks the firm’s tenth acquisition since its founding. It makes it one of the largest specialty insurance distribution platforms in the US. Quaker, founded in 1960, has offices in New Jersey, Massachusetts, Florida and North Carolina. Aside from being a program administrator, the firm is a commercial and personal lines wholesaler and a managing general agent. “The Quaker team has assembled a company offering a broad range of property and casualty programs and wholesale brokerage capabilities to retail brokers and agents, with a strong presence in both commercial and personal lines,” said JenCap president and CEO John Jennings. “I’m very proud of the company we’ve built over the last 60 years and believe Quaker will immediately become a key strategic component of JenCap’s national platform,” commented Quaker co-founder and president Frank Walsh. Meanwhile, Quaker co-founder and Quaker Insurance Agency of Massachusetts CEO Karin Branscombe added that the acquisition was “exciting” for an “evolving business.” “The partnership with JenCap gives us greater opportunity to expand the best-in-class solutions we offer our clients,” concluded Branscombe. Related stories:
Quaker Special Risk Frequently Asked Questions (FAQ)
When was Quaker Special Risk founded?
Quaker Special Risk was founded in 1960.
Where is Quaker Special Risk's headquarters?
Quaker Special Risk's headquarters is located at 12 Christopher Way, Eatontown.
What is Quaker Special Risk's latest funding round?
Quaker Special Risk's latest funding round is Acquired.
Who are the investors of Quaker Special Risk?
Investors of Quaker Special Risk include Jencap.
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