Jencap Group has acquired Concorde General Agency, a North Dakota-based specialty insurance intermediary serving independent agents across the Upper Midwest. Financial terms were not disclosed.
Concorde specializes in personal lines, commercial lines, and farm and ranch insurance. Following the acquisition, the company will continue operating under the Concorde General Agency brand as part of the Jencap Insurance Services division.
The transaction gives Concorde access to Jencap’s broader product portfolio, insurance markets, specialty expertise, and national distribution platform while expanding Jencap’s geographic presence in the Upper Midwest.
Concorde connects independent agencies with property and casualty insurance products and provides underwriting support and market access across personal, commercial, and agricultural coverage categories.
Jencap is one of the largest insurance wholesalers in the U.S., with operations spanning wholesale brokerage, binding authority, and program management. Its divisions and affiliates serve more than 20,000 independent agency partners nationally.
KEY QUOTES:
“We were very deliberate in finding a partner whose values and vision aligned with Concorde’s. Jencap shares our commitment to building strong relationships, creating win-win outcomes, and growing the business by helping our agency partners succeed. Joining Jencap gives our team access to additional products, markets, and expertise, while also expanding the geographic reach of what Concorde can offer. We believe that combination creates tremendous opportunities for our employees, our carrier partners, and, most importantly, the independent agents we serve.”
Bob Hanna, President and CEO of Concorde General Agency
“Concorde General Agency is an outstanding strategic addition to Jencap. This acquisition strengthens our geographic presence in the upper Midwest and expands the specialty products and expertise we can deliver to our agency partners. Concorde’s reputation, relationships, and entrepreneurial culture make them an exceptional fit for Jencap, and we’re excited to accelerate growth together.”
Mark Maher, President of Jencap
