The McGowan Companies has acquired the assets of Protexure Insurance Agency, Inc. Protexure is a national program manager that specializes in Professional Liability insurance for Lawyers and Accountants. After the transaction, the staff of Protexure will remain in place, led by Kyle Nieman
Kyle Nieman, President & CEO, commented, "We are very excited to become part of The McGowan Companies. Their commitment to investing in and expanding our capabilities will accrue to the benefit of our policyholders."
"This acquisition fits exceptionally-well with McGowan's national growth strategy," said Thomas B. McGowan, IV, President/CEO of The McGowan Companies. He continued, "We are very pleased to add Protexure's suite of products and services to our diverse portfolio of companies. Protexure has a strong tradition of providing exemplary products and services to its clients… a tradition we intend to honor and continue."