The McGowan Companies, a provider of specialty insurance programs, has acquired the assets of Conway Holdings, LLC, Conway E&S, Inc., and Conway Alternative Risk Solutions, LLC., collectively known as Conway.
US-based Conway is a national, highly respected group of wholesale brokerages, program administrators, program brokers, and captive managers.
It specializes in the underwriting and placement of several Lines of Business, the underwriting and placement of sophisticated, complex risks; the formation and management of insurance programs, and the formation and management of captive insurance companies.
Following the transaction, Conway will be rebranded under the various “McGowan” brands, according to the announcement.
Additionally, led by CEO Jeff Conway, all staff will remain in place. Brokers receive automatic, initial appointments with McGowan and its full range of products, capabilities, and services.
“We are very pleased to be part of The McGowan Companies. Its unique underwriting, distribution, and technology capabilities will further benefit our brokers and policyholders,” Conway commented.
As a result of this exciting “joining of forces,” McGowan said, the company has strengthened its position as one of the leading insurance intermediaries in the US (including insurance brokerages, wholesale insurance brokerages, captive managers, program brokers, program administrators, and reinsurance intermediaries).
Thomas B. McGowan, IV, President/CEO of The McGowan Companies, said: “This acquisition fits exceptionally well with McGowan’s national growth strategy.
“We are very pleased to add Conway’s suite of products and services to our diverse portfolio of companies. Conway has a strong tradition of providing quality products and services to its clients… a tradition that we to be honored and continued.
Most of the programs administered by McGowan are available only through McGowan nationwide.
McGowan operates on an “open brokerage” basis, meaning its programs are available to all US brokers. Coverage is available in all 50 states and Washington, DC