Jencap Group Expands Into New Distribution Channel with Acquisition of Foresite Sports

Jencap Group LLC, one of the largest wholesalers in the U.S., announced today that it has acquired Foresite Sports LLC, a program manager specializing in prize contingency coverage and event insurance.

NEW YORK, March 5, 2024 /PRNewswire-PRWeb/ -- Jencap Group LLC (Jencap), one of the largest wholesalers in the U.S., announced today that it has acquired Foresite Sports LLC, a program manager specializing in prize contingency coverage and event insurance. Foresite Sports will operate under the auspices of the Jencap Program Administrators LLC (JPA) division.

Foresite Sports operates as a program manager for the golf event planning marketplace (primarily hole in one and promotional contest coverage) through its US Hole In One division; prize indemnity insurance through its Interactive Promotions Group division; and special event liability and event cancellation coverage program manager (focused on private, business, sporting, and other social outings) through its Eventsured division.

"We are thrilled to announce the acquisition of Foresite Sports, a strategic move that enhances our position in the market and expands our portfolio of specialized insurance products," says Mark Maher, President of Jencap. "The addition of Foresite Sports' expertise in prize contest coverage and event insurance opens up new avenues for growth and innovation."

"Becoming part of Jencap's network of companies allows us to tap into expanded resources and leverage their industry-leading infrastructure to better serve our clients," said Greg Esterhai, CEO and Co-founder of Foresite Sports. "This acquisition strengthens our position in the market and reinforces our commitment to providing best in class coverage options tailored to the unique needs of the sports and events industry."

About Foresite Sports LLC
Founded in 1998 by Greg Esterhai and James Nam, Foresite Sports is an industry-leading program manager specializing in prize contingency coverage and event insurance. They are also a provider of promotional solutions for golf event planners and corporate sponsors. The firm addresses the targeted marketing needs of thousands of tournaments nationwide through its complete lineup of products and services, including contest insurance coverage, limited-use event sponsorship signage, and various promotional products. Foresite Sports has advanced to the forefront of its industry through its relentless commitment to product simplicity and customer service excellence. For more information, visit ForesiteSports.com.

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. Headquartered in New York, Jencap leverages its collective power to exceed the expectations of more than 20,000 independent agency partners. For more, visit JencapGroup.com.

Media Contact

Kathryn Smith, Jencap Group, 678-951-5183, [email protected] , JencapGroup.com  

SOURCE Jencap Group