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.
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
NY Lawmakers Urged to Have Faith in Auto Insurance Reform Numbers. But Do They? 
Jury Finds New Orleans Attorneys Guilty in Staged Auto Accident Scheme 
AccuWeather Atlantic Hurricane Season Forecast: 11-16 Named Storms 
