30 May 2023Analysis

McGowan buys Conway brands and companies

The McGowan Companies, which works with a number of captive managers, has acquired the assets of Conway Holdings, Conway E&S, and Conway Alternative Risk Solutions. Conway will be re-branded under various McGowan brands.

Jeffrey Conway, CEO of Conway (pictured), said: "We are very excited to become part of The McGowan Companies. Its extraordinary underwriting, distribution, and technological capabilities will accrue to the benefit of our brokers and policyholders."

All of Conway's brokers will receive automatic, initial appointments with McGowan and its full range of products, capabilities, and services. Coverage is available in all 50 states and Washington, D.C.

"This acquisition fits exceptionally-well with McGowan's national growth strategy," said Thomas McGowan, CEO of The McGowan Companies. "We are very pleased to add Conway's suite of products and services to our diverse portfolio of companies. Conway has a strong tradition of providing exemplary products and services to its clients… a tradition we intend to honour and continue."