Transactions

The McGowan Companies Acquires Protexure Insurance

The McGowan Companies (“McGowan”), a leading provider of diversified, specialty insurance programs and wholesale brokerage services, has completed the acquisition of Protexure Insurance Agency (“Protexure”), a tech-enabled professional liability MGA (Managing General Agency). The acquisition adds specialized underwriting expertise to McGowan’s national portfolio of insurance programs.

Based in Lisle, IL, Protexure operates a pair of professional liability insurance programs focused on attorney and accountant malpractice for small law / CPA firms and solo practitioners. Since its founding in 2009, the Company has combined experienced underwriting and focused industry expertise to become a leading specialty program for small account lawyers and accountants. Protexure’s parent company, AmerInst Insurance Group, operated as a Bermuda reinsurer for over 25 years.

McGowan, headquartered in Fairview Park, OH, was founded in 1954 and built upon generations of independence. McGowan’s insurance operations and brands offer a comprehensive suite of products and services, including program administration, wholesale brokerage and other insurance / risk management solutions. Today, McGowan is one of the largest nationwide specialty distribution operations in the United States, leveraging technology and distinctive service to underwrite, rate, quote, bind and issue policies on behalf of insurance carriers.

Waller Helms Advisors served as exclusive financial advisor to Protexure and AmerInst.