February 5, 2014 – Fairview Park, OH – We are excited to announce that The McGowan Companies (McGowan) has purchased the assets of Klein Insurance Services, Inc. (“KIS”). Effective immediately, KIS will begin operating under the McGowan Program Administrators (“MPA”) brand.

Established in 1991, KIS is well-known as the premier writer of hotels in the United States. “KIS fits exceptionally-well with McGowan’s growth strategy in the Hospitality segment,” said Thomas B. McGowan, IV, CEO of The McGowan Companies. “We are very excited about bringing on board these well-respected industry veterans.”

KIS’ New Jersey operations will form the heart of McGowan’s new “MPA – Hospitality” Division. It will be dedicated to writing insurance for all classes of hotels… from limited-service hotels to luxury resorts and casinos. Scott Klein, who will head-up this operation, commented, “Becoming part of McGowan was a ‘no brainer’ for us. The McGowan Companies has an exceptional reputation for understanding and meeting the needs of their brokers while, at the same time, delivering extraordinary long-term profitability to their carrier partners. Further, McGowan’s distribution capabilities are unmatched in the industry, which should give us a clear path to meeting our short and long-term growth goals. We see this as an ideal home for our Hospitality business.”

All KIS brokers will receive automatic appointments with McGowan and its full range of products and capabilities. Further, all McGowan brokers will now have access to all of KIS’ product offerings.

Should you have any questions, please do not hesitate to contact us.

For additional information, contact:

Thomas B. McGowan, IV President & Chief Executive Officer, The McGowan Companies – Home Office: 20595 Lorain Road, Fairview Park, OH 44126, P: 800.545.1538 (x3609), t4@mcgowanins.com

J. Scott Klein, President, 8 Hillside Avenue, Suite 108 Montclair, NJ 07042, P: 973.509.0080, scottk@kis-hospitality.com