McGowan Purchases Assets of North American Professional Liability Insurance Agency, LLC “NAPLIA”

By a News Reporter-Staff News Editor at Insurance Weekly News -- The McGowan Companies ("McGowan") has purchased the assets of North American Professional Liability Insurance Agency, LLC ("NAPLIA"), effective 4/1/2017. In the near future, NAPLIA will be re-branded under the McGowan Program Administrators brand (and will function as a division of McGowan & Company, Inc.).

Established in 1999, NAPLIA is one of the pre-eminent Program Administrators 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 to its expertise in Accountants E&O," said Thomas B. McGowan, IV, CEO of The McGowan Companies. "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.

The service staff and commission structures for brokers will remain in place.

Keywords for this news article include: Insurance Companies, The McGowan Companies.

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