The McGowan Cos. Purchases Md.-Based Allied Insurance Brokers

The McGowan Companies (McGowan), based in Fairview Park, Ohio, purchased the assets of Allied Insurance Brokers Inc. (Allied). Allied, which is headquartered in Marriottsville, Md., will begin operating under the “McGowan Program Administrators” brand, effective immediately.

Founded in 1996, Allied is a managing general underwriter specializing in writing package programs for commercial real estate, apartments, condominium associations, and religious organizations.

McGowan Program Administrators is an MGU which manages umbrella and D&O programs for commercial real estate, apartments, and condominiums.

McGowan Companies said the deal creates a one-stop shop for its brokers to obtain insurance products for commercial real estate, apartments, and condominium associations. McGowan Companies said it will be expanding Allied’s product offerings and capabilities in coming months. All Allied brokers will receive automatic appointments with McGowan and its products.