Wednesday, November 30th, 2022

Gallagher makes twin swoop for G.A. Mavon & Co., Mavco Insurance coverage Company

Based mostly in Hinsdale, IL, G.A. Mavon & Co. is a fourth-generation, family-run, commonplace and specialty traces wholesale dealer based in 1916. In the meantime, its subsidiary Mavco Insurance coverage Company was based in 1972. Collectively, the companies serve the insurance coverage wants of high-net-worth private traces purchasers and business enterprise house owners, with a specialty concentrate on skilled traces.

Following the acquisition, G.A. Mavon proprietor and president Phil Mavon and his associates will proceed to function from their present location underneath the supervision of Danger Placement Providers VP of Central binding area, and Gallagher VP of US wholesale brokerage, binding authority and applications division Matt Lynch, in addition to Gallagher US retail P&C brokerage operations president of non-public traces Jeff Saunders.

“G.A. Mavon and Mavco Insurance coverage Company are well-respected companies with the same tradition to ours that may broaden our high-net-worth choices within the Midwest area,” commented Gallagher chairman, president, and CEO J. Patrick Gallagher, Jr. “We’re very happy to welcome Phil and his associates to our quickly rising group.”

Learn extra: Gallagher swoops for Arkansas company

In December, Gallagher acquired the Robbi Davis Company (RDA), a full-service insurance coverage company primarily based in Little Rock, AR. Based in 1996, RDA focuses on worker advantages, Medicare complement/drug plans and particular person medical health insurance, with a concentrate on small group companies.

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