GNW-Evergreen of Los Angeles Completes Phase 2 of Merger

August 31, 2005

Los Angeles, Calif.-based GNW-Evergreen Insurance Services LLC announced completion of phase 2 of its merger.

The newly completed 20,000-square-foot state-of-the-art insurance facility in Encino, California will allow GNW-Evergreen Insurance Services the physical space needed to manage a full range of commercial and personal insurance with improved efficiency. The ten-year leased facility is located at The Almar Building, 16030 Ventura Boulevard.

The GNW-Evergreen staff consists of over 70 insurance professionals and is a leading provider of comprehensive insurance solutions for businesses and individuals throughout the greater Los Angeles area including Orange, Riverside, and Ventura counties.

GNW-Evergreen is a union of two long-established Los Angeles-based insurance brokerages. The eight principals of the newly combined limited liability company include Bill Switzky, David Albaum and Paul Meshekow from Evergreen Insurance Services Inc., as well as Chuck Gelfand, Jeff Newman, Karen Oxman, Mike
Newman and Rob DiPaolo from GNW Insurance Services. These seasoned principals possess over 250 years of combined aggregate insurance experience in the Southern California insurance marketplace; this expertise will contribute significantly to GNW-Evergreen’s reputation as one of Southern California’s premier insurance agencies.

“The new total is far greater than the sum of the parts,” says principal David Albaum. “The completion of our newly combined office facility is the last step in the merger of two fine agencies with complementary synergy. We feel we now have the platform on which we can continue on a sustained basis to expand our portfolio of products and services for the benefit of our clients.”

The entertainment industry is but one of the many industries GNW-Evergreen serves, providing crucial insurance coverage for location and studio shoots for film and television productions as well as major events like the Emmy® Awards. The agency was also called upon to handle various insurance aspects of both the Democratic and Republican National Conventions.

“This is an exciting time for our organization,” says company principal Chuck Gelfand. “The opportunities and service our new facility affords our clients is unparalleled in our history.”

“Because society is so complex, we all realize that more can go wrong; this creates a real need for ever increasing sophistication in one’s insurance planning,” says Albaum. “The industry keeps creating insurance products for exposures that were not envisioned ten years ago, such as Internet liability and workplace violence coverage. It is important for our clients to be made aware of these concepts.”

Because GNW-Evergreen Insurance Services, LLC places a high premium on education, it is proud to have many within the agency family who have advanced professional degrees including CLU, CPCU, CIC, CISR, RPLU, and JD. The agency principals are literally building on the momentum and impressive track records of each company.

The new office facility includes a state-of-the-art conference training center that will be available for insurance industry needs. For more information about the company, call the GNW-Evergreen office at 818-257-7400.

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