The McGowan Companies (McGowan), headquartered in Fairview Park, Ohio, announced it has purchased certain assets of the Chicago, Illinois-based program administrator, Edgewater Holdings Ltd. (Edgewater).
Edgewater will be re-branded under the McGowan Program Administrators brand and will function as a division of McGowan & Company Inc.
Established in 1992, Edgewater specializes in working with insurance brokers to develop “private label” D&O, E&O, EPLI, Cyber and Workers’ Compensation programs. Edgewater is a leading writer of D&O, E&O, EPLI and WC programs for franchise systems, particularly in the hospitality/restaurant space. It writes specialized insurance for thousands of small-to-medium sized businesses.
The Edgewater staff will remain in place, led by former Edgewater President/CEO Mark Kollar.
All Edgewater brokers will receive automatic appointments with McGowan and its full range of products and capabilities. Coverage is available in all 50 states.
Source: McGowan Program Administrators
Topics Mergers & Acquisitions
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