The McGowan Companies acquired Limit, a digital wholesale insurance brokerage headquartered in Covina, California, via an asset purchase agreement.
After the transaction is closed, Limit will continue to operate under the “Limit” brand, within The McGowan Companies envelope, led by Shea McNamara, Limit’s facility director. All staff will remain in place, according to the companies.
Limit is a has two divisions, Limit Wholesale, and Limit AI. Limit Wholesale is an Artificial Intelligence-enabled, digital, wholesale insurance brokerage that specializes in cyber liability and technology errors and omissions.
The McGowan Companies is an insurance broker and intermediary located in Fairview Park, Ohio.
Topics
Mergers & Acquisitions
California
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