McGowan Expands Portfolio with Acquisition of Westcap Insurance Services

The McGowan Companies, recognized as one of the largest insurance conglomerates in the United States, has recently made headlines with its acquisition of Westcap Insurance Services. This strategic move was formalized through an asset purchase agreement, marking a significant expansion for McGowan.

Effective November 1, the acquisition allows Westcap to maintain its identity, continuing to operate under the “Westcap Insurance Services” brand. The company will be led by managing director Victoria Millard, ensuring a seamless transition for both clients and employees. Notably, all staff members will remain in their current positions, preserving the expertise and continuity that Westcap is known for.

Related: McGowan Acquires Limit.com in California

Westcap, headquartered in Sacramento, California, serves as a program administrator managing two prominent insurance programs. The first program focuses on general liability for contractors and sub-contractors, catering to a wide range of sectors including residential, commercial, and industrial contractors. The second program addresses general liability and products liability specifically for the building materials industry, providing essential coverage for manufacturers and distributors.

McGowan itself is based in Fairview Park, Ohio, a suburb of Cleveland, and has established a strong reputation in the insurance sector through its diverse offerings and commitment to client service.

Topics
Mergers & Acquisitions

The McGowan Companies, recognized as one of the largest insurance conglomerates in the United States, has recently made headlines with its acquisition of Westcap Insurance Services. This strategic move was formalized through an asset purchase agreement, marking a significant expansion for McGowan.

Effective November 1, the acquisition allows Westcap to maintain its identity, continuing to operate under the “Westcap Insurance Services” brand. The company will be led by managing director Victoria Millard, ensuring a seamless transition for both clients and employees. Notably, all staff members will remain in their current positions, preserving the expertise and continuity that Westcap is known for.

Related: McGowan Acquires Limit.com in California

Westcap, headquartered in Sacramento, California, serves as a program administrator managing two prominent insurance programs. The first program focuses on general liability for contractors and sub-contractors, catering to a wide range of sectors including residential, commercial, and industrial contractors. The second program addresses general liability and products liability specifically for the building materials industry, providing essential coverage for manufacturers and distributors.

McGowan itself is based in Fairview Park, Ohio, a suburb of Cleveland, and has established a strong reputation in the insurance sector through its diverse offerings and commitment to client service.

Topics
Mergers & Acquisitions