The McGowan Companies acquired Limit, a digital wholesale insurance brokerage headquartered in Covina, California, via an asset purchase agreement.
After the transaction is closed, Limit will continue to operate under the “Limit” brand, within The McGowan Companies envelope, led by Shea McNamara, Limit’s facility director. All staff will remain in place, according to the companies.
Limit is a has two divisions, Limit Wholesale, and Limit AI. Limit Wholesale is an Artificial Intelligence-enabled, digital, wholesale insurance brokerage that specializes in cyber liability and technology errors and omissions.
The McGowan Companies is an insurance broker and intermediary located in Fairview Park, Ohio.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
Florida Woman Drives Elevated Pickup Over Lamborghini Sports Car in Parking Lot 
Most Are Overcharged for Property Insurance, Vanderbilt Study Says 
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices 
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul 
