Tag Archives: Galway Insurance Holdings

After Inc. Will Premiere its Award-Winning QuickSuite Technology at CES 2022

NORWALK, Conn. /ScoopCloud/ -- After, Inc., the leader in post-sale customer experience technology and services since 2005, just announced that its senior team will be at CES in Las Vegas on January 5 - 7, 2022 to unveil its new QuickSuite. Each year, CES brings together the most innovative technology companies to share their latest developments and this will be no different. CES 2022 will highlight advancements in AI, XR, gaming and computing, digital health, automotive and transportation, home entertainment, smart home - and new this year will be space technology, food technology, and NFTs.

"We are excited to see current and potential customers at CES in a few weeks and premiere our QuickSuite technology," says Dawn Taylor, After, Inc.'s Chief Revenue Officer. "After has a long history of strong partnerships with the largest manufacturers in the world. QuickSuite allows us to bring those same proven processes to manufacturers, TPAs and retailers at a much lower cost. QuickSuite includes five modular platforms that together manage the entire post-sale customer lifecycle: registration and upsell/cross-sell (QuickReg®), product protection (QuickCover®), claims management (QuickClaim®), behavioral and predictive analytics (QuickInsight®), and renewal or subscription management (QuickRenew®)."

The company will be holding private meetings at Vdara Hotel and Spa on January 5th-7th. If you plan to be there and would like to schedule a meeting, you can reach out to Dawn Taylor directly at dtaylor@afterinc.com or contact Scott Morrison, EVP Business Development (smorrison@afterinc.com) or Dan Hulkower, SVP, Business Development (dhulkower@afterinc.com).

To learn more about QuickReg® and QuickCover®, visit our product websites at https://www.quickreg.me/ and https://www.quickcover.me/. QuickClaim®, QuickInsight®, and QuickRenew® are launching in late January and early February 2022.

About After, Inc.

After, Inc. (https://www.afterinc.com/) is a leader in post-sale customer experience technology, providing product registration, marketing, analytics, and program administration to enterprise customers since 2005. After, Inc. partners with some of the world's top brands to help them drive customer satisfaction post-purchase, higher product reliability, deeper brand equity and additional revenue and profit opportunities. Now, with its new QuickSuite, After, Inc. can offer the same high quality post-sale solutions to manufacturers, TPAs and retailers of any size. Headquartered in Norwalk, Connecticut, and with offices in New York City, After, Inc. is part of Galway Insurance Holdings, LP ("Galway Holdings"), a financial services distribution company with a focus towards data analytics, technology transformation, and innovative risk sharing solutions.

After, Inc., the leader in post-sale customer experience technology and services since 2005, just announced that its senior team will be at CES in Las Vegas on January 5 - 7, 2022 to unveil its new QuickSuite. Each year, CES brings together the most innovative technology companies to share their latest developments and this will be no different.

Related link: http://afterinc.com/

Galway Holdings Announces Strategic Acquisition of MAI Capital Management

SAN FRANCISCO, Calif. /ScoopCloud/ -- Galway Holdings ("Galway") today announced its investment in MAI Capital Management LLC ("MAI"). The move adds a new business vertical in financial and wealth management services to complement existing business relationships within EPIC Insurance Brokers & Consultants as well other areas of specialization across all Galway platforms.

MAI is a full-service, independent Registered Investment Adviser ("RIA") specializing in comprehensive investment and financial planning for high-net-worth individuals and families. Galway's investment will help MAI accelerate its organic growth trajectory, enhance its client service offerings, and further expand its national presence through M&A. MAI's executive team will remain intact.

John Hahn, Executive Chairman, Galway Holdings said, "We are excited to partner with Rick Buoncore and the MAI team to provide capital and resources that will help sustain the continued growth of its premier wealth management platform. This includes our shared vision of delivering risk management and insurance solutions via our EPIC Select platform directly to high-net and ultra-high-net-worth clients and MAI's best-in-class trusted advisory services under one roof."

Rick Buoncore, MAI's Managing Partner, commented, "Clients want expertise, simplicity and a full range of financial solutions. Our new partnership with Galway gives MAI the opportunity to continue evolving in an ever-changing financial services landscape. By launching this unique approach, we can provide our clients with integrated and easy-to-access expertise across the financial spectrum, with the goal of making their lives simpler in an increasingly complex world. This is a natural evolution for MAI and builds upon the foundation we created four years ago by aligning with Wealth Partners Capital Group, which has expanded our reach and made us more accessible to clients nationwide."

MAI established a partnership with Wealth Partners Capital Group ("WPCG") in 2017, and they have worked together to identify and acquire RIAs seeking access to expanded business capabilities, strategic growth, and customized solutions. The partnership has resulted in 12 acquisitions, strategically broadening MAI's geographic footprint and enhancing its service model. WPCG will maintain an equity position in MAI while continuing to collaborate on additional growth opportunities.

Galway's investors include three prominent private equity firms: Carlyle Group, Oak Hill Capital, and Harvest Partners. Steve Carlson, Partner at Harvest Partners added, "Last December, we partnered with Galway because, among other things, we believed the team would be able to unlock differentiated opportunities during our investment. MAI and the move into high-net-worth wealth management is one of those opportunities and we are thrilled to be involved as it redefines the risk and wealth management marketplace."

Truist Securities served as financial advisor to Galway while Ropes Gray LLP served as legal counsel to Harvest and Galway. Ardea Partners LP served as financial advisor to MAI and Holland & Knight LLP provided legal counsel to MAI and WPCG.

About Galway Insurance Holdings

Galway Insurance Holdings, LP ("Galway Holdings"), is a financial services distribution company. It includes EPIC Insurance Brokers & Consultants and a diversified brokerage distribution and underwriting platform, with a focus towards data analytics, technology transformation, and innovative risk sharing solutions.

About MAI Capital Management

MAI Capital Management ("MAI") is a fee-based registered investment adviser and wealth management firm based in Cleveland with additional offices in Cincinnati, OH, Ponte Vedra Beach and Naples, FL, Nashua, NH, Irvine, CA, Reston, VA, Little Rock, AR, New York City and St. Louis and a presence in Columbus, OH and Miami. The firm also provides comprehensive investment management and planning services to high-net-worth individuals, families and athletes. For more information, visit http://www.mai.capital/.

About Wealth Partners Capital Group

Wealth Partners Capital Group ("WPCG") is a financial services holding company, which has partnered with MAI Capital Management ("MAI"). WPCG assists MAI by identifying and integrating like-minded registered investment advisers who seek access to expanded business capabilities, strategic growth and customized transition solutions. For more information, visit http://www.wealthpcg.com/.

Galway Holdings ("Galway") today announced its investment in MAI Capital Management LLC ("MAI"). The move adds a new business vertical in financial and wealth management services to complement existing business relationships within EPIC Insurance Brokers & Consultants as well other areas of specialization across all Galway platforms.

Related link: https://www.epicbrokers.com/

Jencap Announces Acquisition of U.K.-based Lloyd’s Coverholder

NEW YORK, N.Y. /ScoopCloud/ -- Jencap Group, LLC (Jencap), the wholesale program management and binding authority business of Galway Insurance Holdings LP (Galway), has acquired London-based Worldwide Hole 'N One Ltd. (WHNO).

Through its primary brand, Worldwide Special Risks (WWSR), WHNO has operated as a Lloyd's coverholder underwriting agency for over 25 years. As an established leading provider, Worldwide Special Risks' contingency team service the live events market with a range of covers including cancellation, non-appearance, and event property and liability. Additional lines, to include film and media, prize indemnity and accident and health, are supplied to the UK and international retail and wholesale broker market. With an underwriting office in the Lloyd's building, cover is available to the U.K. and international clients, via exclusive binding authorities, to a number of leading insurers, including the Lloyd's market.

John Jennings, Chief Executive Officer of Jencap commented, "It is important that Jencap has operations in London, a most important marketplace for complex and specialty insurance. I've gotten to know Jon Wilkinson and his business, and can't think of a better platform or business line to start with than event and other specialty contingency products. We're excited with the prospects for underwriting and distribution of more products ahead and the benefit it will provide to our partners and clients."

Jon Wilkinson, WWSR Managing Director, added, "Everyone at Worldwide is excited about the next chapter that the Jencap acquisition delivers. The last year has seen unprecedented and ongoing disruption to the contingency market, and this new partnership will provide great stability and support. It will also enable us to enhance the products and services we offer, and provides a strong platform for additional growth."

Jencap and other Galway businesses currently provide extensive insurance products, broking and risk management services to the entertainment and sport industry. The live event market is particularly important within this niche.

"Now that we are once again able to enjoy live music, sports and other large group gatherings, we're thrilled to be part of enabling those events to take place. With Jon and his team at WWSR joining existing Jencap facilities, we will play a big part in expanding desperately needed capacity for our distribution partners and clients," said Peter Garvey, Vice Chairman of Galway.

About Jencap Group, LLC

Jencap is one of the largest wholesalers in the U.S. with notable industry-leading expertise in wholesale brokerage, binding authority, and program management. Its specialized divisions and affiliate organizations provide niche underwriting prowess, broad market access, and nationwide influence. With headquarters in New York, Jencap leverages its collective power, exceeding the expectations of 15,000+ independent agency partners. Visit https://jencapgroup.com/.

About Galway Holdings LLC

Galway Insurance Holdings, the holding company for EPIC Brokers & Consultants and Jencap Group, is a diversified insurance brokerage distribution platform with retail, wholesale, program administration and managing general agent capabilities. In total, Galway manages over $7 billion of insurance premiums and operates in over 100 offices serving all 50 states.

About EPIC Insurance Brokers & Consultants

EPIC Insurance Brokers & Consultants has more than 2,600 team members operating from more than 80 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs, and Private Client solutions to EPIC clients. For more information on EPIC, visit: https://epicbrokers.com/.

*LOGO link for media (Jencap): https://www.Send2Press.com/300dpi/21-0708s2p-jencap-logo-300dpi.jpg

Jencap Group, LLC (Jencap), the wholesale program management and binding authority business of Galway Insurance Holdings LP (Galway), has acquired London-based Worldwide Hole 'N One Ltd. (WHNO).

Related link: https://jencapgroup.com/

EPIC Announces Leadership Structure Realignment

ATLANTA, Ga. /ScoopCloud/ -- EPIC Insurance Brokers and Consultants CEO Steve Denton announced organizational and restructuring changes, effective immediately, across the company. The moves are designed to position EPIC to thrive for years to come.

Tom O'Neil has been named President of EPIC and will work directly with Denton to grow the business across its entire platform - from Private Client to Large Complex Risk in both Property & Casualty and Employee Benefits. O'Neil previously led the West and Northeast Regions and integrated several large acquisitions that expanded the overall footprint of EPIC.

In conjunction with leadership changes, the company is being restructured into "Super Regions" in order to provide more consistency and overall organizational strength: Northeast, Midwest/Southeast and West.

* Northeast: Len Scioscia will lead as President. Scioscia joined the firm through the Prime Risk Partners acquisition in 2019; he was previously CEO of Cook Maran.

* Midwest and Southeast: Adam Meyerowitz will lead as President. Meyerowitz also joined via the Prime Risk Partners acquisition and was Co-founder and President of the organization.

* West: KJ Wagner will lead as President. Wagner joined in 2018 to build EPIC's presence in the Southwest region and previously held senior leadership positions with Willis Towers Watson.

Additional announcements follow:

* Chief Growth Officer and President of Financial Services: Phil Moyles has been named to these roles, where his responsibilities will include driving innovation and organic growth throughout EPIC. He joined EPIC in 2018 through the acquisition of Vanbridge where he continues as CEO.

* National Risk Management and Specialty Practice: Marc Kunney and Scott Davis will co-lead as Presidents, working closely across the EPIC platform to deliver large account and industry specialty resources to brokers and clients.

* National Employee Benefits Practice: Craig Hasday will continue as President, coordinating Regional Employee Benefits Operations, Shared Services Platform and National Employer Consulting Resources. Scott Schanen will continue as President of National Employer Consulting, focused on consulting for large employers.

* National Placement and Carrier Relationships: Jason Walker has been named Senior Vice President to oversee the placement of key accounts and develop new and existing relationships with EPIC's strategic trading partners.

The following corporate changes have also been recognized and will help shape the future of EPIC as an organization poised for long-term success.

* Sapana Nanuwa joins Galway Insurance Holdings, the parent company of EPIC, as Managing Director, Marketing, Branding & Communications.

* Karman Chan joins Galway as Chief Financial Officer. Frank Mammaro has been named Chief Financial Officer of EPIC, and will report to Chan.

* Kevin Grady has been named Chief Diversity Officer of EPIC, in addition to his role as managing principal with EPIC IMPACT.

* John Gaffney has been named Chief of Staff of EPIC.

* Sawsan Nina Mahmud has been named Director of Administration of EPIC.

"These decisions showcase careful succession planning and leadership depth across EPIC," said Denton. "Further, they provide the best structure for innovation and continued growth, and delivery of all of our capabilities to our clients."

About EPIC Insurance Brokers & Consultants

EPIC Insurance Brokers & Consultants has more than 2,600 team members operating from more than 80 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs, and Private Client solutions to EPIC clients.

For more information on EPIC, visit: https://epicbrokers.com/.

EPIC Insurance Brokers and Consultants CEO Steve Denton announced organizational and restructuring changes, effective immediately, across the company. The moves are designed to position EPIC to thrive for years to come.

Related link: https://www.epicbrokers.com/

Galway Insurance Holdings Secures Majority Interest from Harvest Partners with New Equity Investments from Oak Hill Capital and The Carlyle Group

SAN FRANCISCO, Calif. /ScoopCloud/ -- Galway Insurance Holdings ("Galway"), the holding company for EPIC Brokers & Consultants ("EPIC") and JenCap Holdings ("JenCap"), which together represent one of the nation's largest insurance distribution firms, announced today that it has signed a definitive agreement with vehicles controlled by Harvest Partners, LP and its affiliates ("Harvest") for a majority interest of Galway.

Galway's existing private equity investors, Oak Hill Capital ("Oak Hill") and The Carlyle Group ("Carlyle"), will reinvest alongside the management team and employee shareholders, who will remain significant shareholders. Terms of the transaction were not disclosed.

In total, Galway manages over $7 billion of insurance premiums, employs over 3,100 associates and operates over 100 offices serving all 50 states. EPIC and JenCap are ranked as the 14th and 8th largest retail and specialty distribution brokers by Business Insurance magazine, respectively.

John Hahn, co-founder and Chairman of Galway, said, "We are thrilled with the outcome and are excited to welcome Harvest on as partners. To have them alongside Oak Hill and Carlyle presents us with a formidable group of investors highly supportive of our vision to continue to build a differentiated business within insurance distribution. This recapitalization provides us with the ability to be opportunistic in today's market; to grow and expand each of Galway's related specialty strategies around retail brokerage, risk management, wholesale brokerage, program administration and underwriting management."

EPIC CEO, Steve Denton said, "The addition of Harvest Partners and the ongoing commitment of both Oak Hill and Carlyle allows our retail platform to continue our exponential growth in all aspects of our business which now includes comprehensive, nationwide solutions across industry focused practices in employee benefits and property & casualty along with dedicated resources in areas like risk management, small commercial and private clients."

John Jennings, co-founder and CEO of JenCap, said, "This is exactly why we joined the Galway platform; the business dynamics of the holding company are extremely attractive for investors and will allow us to pursue our aggressive growth goals, while building out further specialty expertise and depth across our platform for our twelve thousand retail clients."

Jay Wilkins, COO and Partner of Harvest, said, "John, Steve and John have built an exceptional business with the support of Oak Hill and Carlyle that we look forward to continue aggressively growing" with Steve Carlson, Partner, adding "It is an optimal time to invest in such a strong team to capitalize on favorable dynamics in the insurance distribution space."

Steve Puccinelli, Managing Partner of Oak Hill said, "Since our original 2017 investment in EPIC, John Hahn and his top-tier team have more than tripled the business, significantly expanding that company's unique platform and successfully joining it with JenCap to create Galway in June of this year. We are excited to continue to partner with the Galway management team, as well as Harvest and Carlyle, to build the preeminent growth platform in insurance distribution."

John Redett, Managing Director and Head of Carlyle's Global Financial Services group, said, "We're proud of our long-standing partnership with John Hahn and the rest of the management team. John and the Galway team have done a fantastic job growing the business since we initially invested in 2013 and we believe Galway is positioned to capitalize on a number of strategic initiatives going forward. The addition of Harvest Partners and continued investment from Carlyle, Oak Hill Capital, and management further strengthens our tenured partnership and creates a strong alignment among all stakeholders."

Equity capital for the investment will come from funds managed by Harvest Partners, L.P., Oak Hill Partners Fund V, and Carlyle Global Financial Services Partners II and III.

The transaction is expected to be completed by the end of 2020, subject to customary closing conditions, including regulatory approvals.

Evercore Group LLC, Goldman Sachs & Co LLC and Morgan Stanley & Co LLC served as financial advisors to Galway. Weil, Gotshal & Manges LLP served as legal counsel to Oak Hill and Galway. Wachtell, Lipton, Rosen & Katz served as legal counsel to Carlyle. Ropes and Gray LLP served as legal counsel to Harvest.

About EPIC Insurance Brokers & Consultants

EPIC Insurance Brokers & Consultants, now has more than 2,600 team members operating from more than 80 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs, and Private Client solutions to EPIC clients. For more information on EPIC, visit: https://epicbrokers.com/.

About JenCap Holdings

JenCap Holdings is a premier national specialty insurance distribution platform that includes managing general agencies, specialty program administrators, and transactional wholesale brokers. JenCap has assembled a management team with the sector insight and experience to drive organic growth and strategic acquisitions leveraging technology and advanced data analytics. JenCap is headquartered in New York. For more information on JenCap, visit: https://jencapholdings.com/.

About Harvest Partners

Founded in 1981, Harvest Partners is an established New York-based private equity investment firm that focuses on investments in middle-market companies in the business services & consumer, healthcare, industrial services, and manufacturing and distribution sectors. This strategy leverages Harvest Partners' nearly 40 years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit https://www.harvestpartners.com/.

About Oak Hill Capital

Oak Hill Capital is a private equity firm managing funds with approximately $15 billion of initial capital commitments and co-investments since inception. Over the past 34 years, Oak Hill Capital and its predecessors have invested in over 90 private equity transactions across broad segments of the U.S. and global economies. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Media & Communications; Services; Industrials; and Consumer, Retail & Distribution. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. For more information, please visit: https://oakhill.com/.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $230 billion of assets under management as of September 30, 2020, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,800 people in 31 offices across six continents. For more information, please visit https://www.carlyle.com/.

Galway Insurance Holdings ("Galway"), the holding company for EPIC Brokers & Consultants ("EPIC") and JenCap Holdings ("JenCap"), which together represent one of the nation's largest insurance distribution firms, announced today that it has signed a definitive agreement with vehicles controlled by Harvest Partners, LP and its affiliates ("Harvest") for a majority interest of Galway.

Related link: https://www.epicbrokers.com/