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.
Trump’s Bond Insurer Tells Judge Shortfall Is ‘Inconceivable’ 
USAA to Lay Off 220 Employees 
How California’s Huge Raises for Fast-Food Workers Will Ripple Across Industries 
Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers 
