Based mostly in Hinsdale, IL, G.A. Mavon & Co. is a fourth-generation, family-run, customary and specialty strains wholesale dealer based in 1916. In the meantime, its subsidiary Mavco Insurance coverage Company was based in 1972. Collectively, the corporations serve the insurance coverage wants of high-net-worth private strains purchasers and industrial enterprise house owners, with a specialty deal with skilled strains.
Following the acquisition, G.A. Mavon proprietor and president Phil Mavon and his associates will proceed to function from their present location below the supervision of Threat Placement Companies VP of Central binding area, and Gallagher VP of US wholesale brokerage, binding authority and packages division Matt Lynch, in addition to Gallagher US retail P&C brokerage operations president of non-public strains Jeff Saunders.
“G.A. Mavon and Mavco Insurance coverage Company are well-respected companies with an analogous tradition to ours that may develop our high-net-worth choices within the Midwest area,” commented Gallagher chairman, president, and CEO J. Patrick Gallagher, Jr. “We’re more than 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 based mostly in Little Rock, AR. Based in 1996, RDA focuses on worker advantages, Medicare complement/drug plans and particular person medical insurance, with a deal with small group companies.
