We are excited to announce that Protexure Insurance Agency, Inc. (“Protexure”) and a subsidiary of McGowan Consolidated Insurance Holdings Group, Inc. (“McGowan”) have joined forces, effective 11/1/2023.
We decided to join forces with McGowan for a number of reasons. However, our primary reason was to better serve the needs of our clients. We can now provide our clients with a wider array of services, products, and capabilities.
Before joining forces with McGowan, we conducted an extensive search, looking for an ideal partner. McGowan exceeded our expectations for such a partner. While being one of the largest firms of its type in the United States, McGowan is also 100% family-owned and operated. It shares our goal of providing deep expertise and excellent customer service to clients while adhering to and espousing old-fashioned principles and values.
Following the acquisition, Protexure's existing staff, under the leadership of president and CEO Kyle Nieman, will continue in their current roles.
“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,” Nieman said.
Our intent is to make the transition as smooth as possible. As such:
Our entire management and staff will remain in place and look forward to assisting you with your insurance needs.
Our phone numbers and e-mail addresses for our staff will be maintained.
The services that we have provided to you in the past will continue.
How Does This Affect Policyholders?
Insurance policies, placed through Protexure, will remain unaffected, except that the name of the insurance broker on the policies will now be Protexure (A Division of McGowan & Company, Inc.).
The McGowan Companies is one of the oldest, largest, and most respected organizations of its type in the United States. Its oldest subsidiary was founded in 1836. As one of the leading insurance brokerages in the United States, McGowan is dedicated to providing its clients with superb service and competitively priced, flexible, and creative products that dynamically respond to and capitalize on changes in the insurance marketplace. McGowan is a multi-generational, family-owned insurance brokerage.
“This acquisition fits exceptionally well with McGowan's national growth strategy. 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,” said Thomas B. McGowan IV, CEO and president of McGowan.
As always, our guiding principle will be to provide you with great coverage and great service… at a great price!