FAIRVIEW PARK, OH, April 23, 2012 – We are excited to announce that The McGowan Companies (McGowan) has purchased the assets of Governmental Underwriters of America, Inc. (“GUA”).

Effective immediately GUA will begin operating under the newly formed “McGowan Governmental Underwriters” (MGU) brand.

Founded in 2006, GUA is known throughout Ohio as the premier provider of Public Entity insurance (municipalities and school districts).

The formation of the “McGowan Governmental Underwriters” brand consolidates all of McGowan’s Public Entity operations into one facility. This operation will be headed by Terrence B. Phelan, as its President. David Gosiewski has been named Senior Vice President of the newly-formed company.

All GUA 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 GUA’s product offerings.

MGU’s Umbrella products are available in all 50 states, while MGU’s package products initially will be available in OH and PA (with more states coming online soon).