The McGowan Companies (McGowan), headquartered in Fairview Park, Ohio, announced it has purchased certain assets of the Chicago, Illinois-based program administrator, Edgewater Holdings Ltd. (Edgewater).
Edgewater will be re-branded under the McGowan Program Administrators brand and will function as a division of McGowan & Company Inc.
Established in 1992, Edgewater specializes in working with insurance brokers to develop “private label” D&O, E&O, EPLI, Cyber and Workers’ Compensation programs. Edgewater is a leading writer of D&O, E&O, EPLI and WC programs for franchise systems, particularly in the hospitality/restaurant space. It writes specialized insurance for thousands of small-to-medium sized businesses.
The Edgewater staff will remain in place, led by former Edgewater President/CEO Mark Kollar.
All Edgewater brokers will receive automatic appointments with McGowan and its full range of products and capabilities. Coverage is available in all 50 states.
Source: McGowan Program Administrators
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Westchester Close to Settling on Hurricane Sally Condo Claim That Topped $230M 
Marsh, Aon in Talks With US on Insuring Tankers in Hormuz 
New York Taxi Insurer Failed to Defend Uber in Crash Cases, Judge Says 
Zurich Insurance and Beazley Agree to $10.9B Cash Acquisition 
