CLEVELAND, July 24,
2024 /PRNewswire/ -- The McGowan Companies
today announced that Karl I. Olson
has been named Managing Director of two of its business units: (1)
McGowan, Donnelly & Oberheu, LLC ("MDO"); and, McGowan
Wholesale - Professional & Management Liability Division
("McGowan P&M"). MDO and McGowan P&M are two of the
leading wholesalers of Professional Liability and Management
Liability in the United States. Olson reports to Thomas B. McGowan, IV, President & CEO of
The McGowan Companies, one of America's leading insurance
intermediaries.
Olson has more than 20 years of insurance industry experience.
From 2001 to 2008, he was Director of Carpenter Moore Insurance
Services (focusing on Professional Liability and Healthcare
insurance). From 2008 to 2015, he was Vice President, Branch
Manager, and Practice Leader - Professional Liability of Sullivan
Brokers Wholesale Insurance Solutions, Inc. (focusing on
Professional Liability, Management Liability, and
Healthcare/Medical insurance). From 2015 to 2024, he was Vice
President & National Practice Leader - Professional &
Management Liability of Burns & Wilcox Brokerage. Olson is
a frequent speaker on Professional & Management Liability,
advisor to private equity companies on insurance matters, and
consultant to carriers on developing forms and proprietary
endorsements.
"I am pleased to welcome Karl
Olson to the McGowan family. I have known Karl for
many years. He is an outstanding executive and insurance
professional. His leadership skills and track record of
building and managing increasingly larger and more complex
businesses will accrue to the benefit of McGowan and its 82,000
brokers across the United States. In his new role, Karl will
be responsible for the oversight of our Professional &
Management Liability subsidiaries - including strategy, governance,
and attention to major issues. These business units have been
growing rapidly over the past 15 years, and I look forward to many
decades of exceptional future growth with Karl's capable hands 'at
the helm,'" said Thomas B. McGowan,
IV.
Olson commented: "I am very excited to become part of The
McGowan Companies, an organization with such a wonderful reputation
amongst brokers. Its extraordinary underwriting, distribution, and
technological capabilities allow its brokers to differentiate
themselves from the 'pack' and provides them with a meaningful
competitive advantage…ultimately leading to significantly
higher-than-average closing ratios for its brokers with regard to
both New and Renewal Business."
About The McGowan Companies
The McGowan Companies is one of the oldest, largest, and most
respected organizations of its type in the United States. As
one of the leading insurance brokers and intermediaries in
the United States, McGowan is
dedicated to providing its 82,000+ brokers and more than 1,000,000
insureds with superb service and competitively-priced, flexible,
and creative products that dynamically respond to and capitalize on
changes in the insurance marketplace. McGowan is a
multi-generational, family-owned and operated conglomerate of 75+
insurance brokers, wholesalers, programs/program administrators,
and reinsurance intermediaries. To learn more, Think
McGowan™ and visit www.mcgowancompanies.com.
For further information: Media Contact: Suzanne Young [P: (440) 333-6300 x3611 / E:
380754@email4pr.com]
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SOURCE The McGowan Companies