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Fairview Park-based The McGowan Cos. has purchased the assets of another insurance underwriter, Chicago-based Edgewater Holdings Ltd., in a move McGowan President and CEO Thomas B. McGowan IV said will further the firm's national growth strategy.

  • Edgewater will rebrand under the McGowan Program Administrators name and function as a division of McGowan & Company Inc.
  • Edgewater staff will remain in place, led by former President and CEO Mark Kollar.
  • All Edgewater brokers will receive automatic appointments with McGowan and its full range of products and capabilities.