Fairview Park, OH, March 11, 2014 – We are excited to announce that The McGowan Companies (McGowan) has purchased the assets of Breed’s Hill Insurance Agency (Breed’s Hill).  Effective immediately, Breed’s Hill will begin operating under the McGowan Risk Specialists (MRS) brand.

Established in 1996, Breed’s Hill is one of the largest and most respected Managing General Agency’s in the New England habitational market.  “Breed’s Hill fits exceptionally well with McGowan’s growth strategy in the Real Estate segment,” states Thomas B. McGowan, IV, President of The McGowan Companies. “We are excited to establish a ‘bricks and mortar’ operation in New England to best serve our brokers’ needs in that part of the country.”  

The MRS Boston office will be a facility dedicated to Real Estate that is placed in the Excess & Surplus Lines market.  The initial product offerings include Property, General Liability and Equipment Breakdown for all classes of Real Estate.  Paul Barringer, President of Breed’s Hill, commented, “We are excited to announce this transaction with Thom and his team. 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.  We see this as an ideal home for our real estate business.”  

All Breed’s Hill 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 Breed’s Hill’s product offerings.  

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

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) tbmiv@mcgowancompanies.com  

Paul Barringer President – Breed’s Hill, Four 13th Street, Charlestown, MA 02129, P: 617.886.0606, paul@breedshill.net