The McGowan Companies reveals acquisition of North American Professional Liability Insurance Agency

The McGowan Companies reveals acquisition of North American Professional Liability Insurance Agency | Insurance Business

The McGowan Companies reveals acquisition of North American Professional Liability Insurance Agency

The McGowan Companies has purchased the assets of North American Professional Liability Insurance Agency (NAPLIA), it has been announced.

As part of the move, NAPLIA will be re-branded under the McGowan Program Administrators brand, and will function as a division of McGowan & Company, it was confirmed in a release.

NAPLIA, established in 1999, is a program administrator of professional liability, insurance for accountants, bookkeepers, and investment advisors.

“NAPLIA fits exceptionally-well with McGowan’s growth strategy in the professional liability space, particularly with regards its expertise in accountants E&O,” Thomas B. McGowan IV, CEO of The McGowan Companies said. “It’s great to have these well-respected insurance veterans become part of the McGowan team.”

Gary B. Sutherland, president of NAPLIA, said: “We are very excited to become part of McGowan. McGowan has remarkable distribution and technological capabilities. Both will enhance the high-quality service NAPLIA has always provided its clients. Further, McGowan has a goal of being the largest underwriter of Professional Liability in the United States, and we look forward to being a meaningful contributor to that goal.”

All McGowan brokers will now have access to all of the product offerings formerly-administered by NAPLIA. Service staff and commission structures for brokers will remain in place.


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