The McGowan Companies Purchases Assets of The Governmental Insurance Source, LLC

News Release:  FAIRVIEW PARK, OH, October 15, 2014

To Our Brokers:

We are excited to announce that The McGowan Companies (“McGowan”) has purchased the assets of The Governmental Insurance Source, LLC. (“GIS”). Effective immediately, GIS will begin operating under the McGowan Governmental Underwriters (MGU) brand.

Founded in 2003, GIS is known throughout the state of Georgia as the premier Managing General Underwriter for Public Entity business.  “GIS fits extremely well with McGowan’s growth strategy in the Public Entity segment,” states Thomas B. McGowan, IV, CEO of The McGowan Companies.   “GIS’s dedication to Public Entity underwriting, combined with their existing trading relationships, uniquely positions MGU to expand its footprint throughout the southeastern states.”

McGowan Governmental Underwriters is a Program Manager and Specialized Lines Insurance Broker dedicated to the Public Entity and Scholastic niche.  Lew Marshall has been named Vice President – Marketing and his son, Lewis Marshall, has been named Vice President – Operations and will jointly oversee the newly formed MGU (Southeast) office.  They will report directly to Terrence B. Phelan, President of McGowan Governmental Underwriters.

All GIS brokers will receive automatic appointments with McGowan and its full range of products and capabilities. Further, all McGowan brokers will now have access to all of GIS’s product offerings.

Should you have any questions, please do not hesitate to contact us.

Cordially,

Thomas B. McGowan, IV
President & Chief Executive Officer
The McGowan Companies – Home Office
20595 Lorain Road
Fairview Park, OH 44126
P: 800.545.1538 (x3609)
tbmiv@mcgowancompanies.com

F. Lewis “Lew” Marshall
President
Governmental Insurance Source
121 Bombay Lane
Roswell. GA 30076
P: 770.640.5533
lew@govins.com