The McGowan Companies (McGowan), based in Fairview Park, Ohio, has purchased the assets of Governmental Underwriters of America Inc. (GUA). Effective immediately, GUA will begin operating under the newly formed McGowan Governmental Underwriters (MGU) brand.
Founded in 2006, GUA provides public entity insurance to municipalities and school districts.
The formation of the McGowan Governmental Underwriters brand consolidates all of McGowan’s public entity operations into one facility. This operation will be headed by Terrence B. Phelan, as its president. David Gosiewski has been named senior vice president of the newly-formed company.
All GUA brokers will receive automatic appointments with McGowan and its full range of products and capabilities.
MGU’s umbrella products are available in all 50 states, while MGU’s package products initially will be available in Ohio and Pennsylvania, with more states coming online soon.
Source: McGowan Companies
Topics Mergers & Acquisitions Underwriting Insurance Wholesale Ohio
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