McGowan Acquires Assets of Couch Braunsdorf's Wholesale Division (Lawyers Professional Liability Programs & Authorities)

·3 min read

FAIRVIEW PARK, Ohio, March 3, 2021 /PRNewswire/ -- The McGowan Companies ("McGowan") has acquired the assets of the Wholesale Division of Couch Braunsdorf Insurance Group, Inc. ("CBIG"), effective 2/1/2021. CBIG's Wholesale Division will be re-branded under the "McGowan" brand.

The McGowan Companies
The McGowan Companies

CBIG's Wholesale Division specializes in writing Lawyers Professional Liability ("LPL"). CBIG administers multiple, exclusive LPL programs through carriers rated "A" or better by A.M. Best. Prior to this transaction, both CBIG's Wholesale Division and McGowan Pro were leading writers of Lawyers Professional Liability. With the "joining of forces," McGowan Program Administrators will become one of the leading and largest writers of Lawyers Professional Liability in the United States.

Deborah DiMarco, Underwriting Manager of CBIG's Wholesale Division, commented, "We are very excited to become part of The McGowan Companies. Its extraordinary underwriting, distribution, and technological capabilities will accrue to the benefit of our brokers and policyholders."

After the transaction, the staff of CBIG's Lawyers Professional Liability Programs will remain in place, led by Neil P. McGowan, JD, MBA [ P: (440) 333-6300 x3651/ E: nmcgowan@mcgowanprograms.com ]. Neil McGowan said, "Our LPL program is distinguished from most of our competitors, because we have attorneys on staff to underwrite complex LPL risks."

All of CBIG's brokers will receive automatic, initial appointments with McGowan and its full range of products and capabilities. Coverage is available in all 50 states and Washington, D.C.

"This acquisition fits exceptionally-well with McGowan's national growth strategy," said Thomas B. McGowan, IV, President/CEO of The McGowan Companies. He continued, "We are very pleased to add CBIG's Wholesale Division to our diverse portfolio of companies. CBIG's Wholesale Division has a strong tradition of providing exemplary products and services to its clients… a tradition we intend to honor and continue."

Most of the programs managed by McGowan Program Administrators ("MPA") are available on a nationwide basis, exclusively through McGowan Program Administrators. MPA operates on an "open brokerage" basis, meaning that its programs are available to all brokers in the United States.

Please contact Brett Davis or Neil McGowan with any questions:

Brett Davis

Neil P. McGowan, JD, MBA

Director of Acquisitions

Director – Lawyers Professional Liability Programs

The McGowan Companies

McGowan Program Administrators

Corporate Headquarters

Corporate Headquarters

20595 Lorain Road

20595 Lorain Road

Fairview Park, OH 44126

Fairview Park, OH 44126

P: (440) 333-6300 x2132

P: (440) 333-6300 x3651

E: 304325@email4pr.com

E: 304325@email4pr.com

Legal Notice: Pursuant to an asset purchase agreement, Couch Braunsdorf Insurance Group, Inc. ("CBIG") sold certain of its assets, but not its liabilities, to McGowan Consolidated Insurance Holdings Group, Inc. or one of its subsidiaries/affiliated companies ("McGowan"), effective 2/1/2021. CBIG was not merged with or into McGowan. CBIG was not consolidated with or into McGowan. McGowan is not a continuation of CBIG.

Couch Braunsdorf Insurance Group, Inc.
Couch Braunsdorf Insurance Group, Inc.
Cision
Cision

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SOURCE The McGowan Companies