Jencap has acquired Concorde General Agency, Inc. for an undisclosed amount. This transaction integrates a well-established wholesale insurance brokerage, known for its specialized property and casualty expertise and strong regional presence, into Jencap's expanding portfolio.
Founded in 1981 by Darrell Bjornson, Concorde General Agency has built a robust business serving over 1,600 insurance agencies across the upper Midwest. The agency has achieved written premium in excess of $40,000,000 by focusing on being a P&C problem solver, a provider of niche programs, and a one-stop-shop for hard-to-place risks. Concorde operates on the principle of finding ways to help each agent write more business, encapsulated by its "Call Us First. We'll Find a Way" ethos.
This acquisition represents a strategic move for Jencap, significantly expanding its geographic footprint and deepening its specialized P&C capabilities within a key region. Concorde's deep-rooted relationships with independent agents and its proven ability to navigate complex insurance needs align directly with Jencap's objective to broaden its market reach and strengthen its offerings in specialized insurance lines. The integration is anticipated to create operational efficiencies and provide agents with a wider array of products and services, leveraging the combined strengths of both organizations.
The unified entity will focus on delivering enhanced value and comprehensive solutions to independent insurance agents. By combining Concorde's established agent network and specialized programs with Jencap's extensive resources and market access, the aim is to reinforce support for agent growth and address diverse client requirements more effectively across the upper Midwest and beyond.