NEBCO Insurance Services, with offices in Greenwich, Connecticut, Palm Beach and Naples and New York, and TDC Risk Management, with offices in Maumee, Ohio and Phoenix, Arizona, and employees in five other states including California, Indiana, Illinois, Maryland and Kentucky, have announced a definitive merger. The combination brings together two recognized industry leaders, specializing in personal and commercial risk management solutions for affluent and high-net-worth individuals and families. Their mutual focus in this space combined with sharing a commitment to client service and independent access to best-in-class insurance companies brought the two firms together.
“I have known Cleves Delp, Jim Schwarzkopf and the TDC Risk Management team for quite some time,” says John Paolini, CEO of NEBCO Insurance Services. “Together they have built a team and culture that perfectly aligns with our core values: personalized client service, holistic risk management solutions, and continuous investment in team development. Coupled with their complementary footprint and extensive experience in the high-net-worth sector, these attributes make TDC Risk Management the perfect partner.”
The merger of equals combines the groups into a national organization that will be renamed in the coming months. “Today marks a monumental event in our firm’s history,” says Cleves Delp, founder of TDC Risk Management. “By joining together in co-ownership with NEBCO and Stone Point Capital, and leveraging the strength and intellectual capital of our existing teams, we’ll be even better positioned to serve our clients both present and future.”
Jim Schwarzkopf, TDC Risk Management principal, added: “Our two firms share a passion for providing clients with products and solutions that meet each unique need and circumstance.” Greg Jones, chief operating officer of TDC Risk Management added, “while our name will change, our commitment to deliver best-in-class service and expert advice to our clients will not. We couldn’t be more excited to join forces with John and the NEBCO team.”
NEBCO and TDC Risk Management plan to launch their new brand toward the end of 2017, and will continue to focus on providing personal and commercial insurance solutions for family offices, successful business owners, high profile executives, athletes and entertainers and sophisticated collectors of fine art, wine and automobiles.