RCM&D, an independent insurance brokerage and risk advisory firm founded in 1885, announces the formation of a strategic partnership with Risk Cooperative, an innovative risk and insurance advisory firm and coverholder at Lloyd’s based in Washington, D.C. In addition to RCM&D’s already strong regional presence in the mid-Atlantic, with offices in Baltimore, Richmond, Harrisburg, Philadelphia and the nation’s capital, comprising more than 250 colleagues, the partnership with Risk Cooperative will heighten D.C. market presence, and revenue growth while creating an integrated risk and insurance platform.
As one of the leading independent brokerages in the U.S., RCM&D is also a founding partner of Assurex Global, which includes 107 brokers on six continents, placing in excess of $29 billion in insurance premiums. Risk Cooperative’s expertise in complex risk, coverage design, channel strategy and innovation will help accelerate growth in key market segments while helping customers keep pace with an evolving risk landscape in both domestic and international markets.
“Finding a partner firm with an aligned value system, growth platform and exceptional leadership is rare in the industry. Risk Cooperative has filled this void in the D.C. market and in only a few years of trade, has become a global voice championing improvement in risk, readiness and resilience. We are proud to partner with Risk Cooperative to lead our regional activities, drive our growth plans and improve customer resilience,” said Bob Cawley, RCM&D’s President and Chief Operating Officer.
“Partnering with RCM&D signals that Risk Cooperative has entered the next phase of the business. The risk transfer industry has sadly lost much of its independence through wave after wave of consolidation and acquisitions. Bringing our two independent platforms together, along with the backing of the Assurex Global Partnership, the top five insurance placing group in the world, means that our customers and key markets will never lose independent advocacy. RCM&D has been committed to this model for more than 130 years,” added Dante Disparte, Risk Cooperative’s founder and Chief Executive Officer.
Founded in 2014 by Dante Disparte and a team of risk and insurance executives, Risk Cooperative is a globally recognized leader in the fields of risk, resilience, national security and economic competitiveness. Risk Cooperative, one of the fastest growing firms in the industry, is licensed as an insurance broker in all 50 states, D.C. and Puerto Rico and has direct access to the Lloyd’s insurance market, as one of handful of coverholders in the region. Risk Cooperative has also established a risk innovation hub called RC Labs, which applies advanced research and technology to the $5.5 trillion risk transfer market.
The strategic partnership will integrate the regional leadership under Dante Disparte’s overall direction, and both firms will leverage their expertise to improve customer resilience, enterprise risk management and operational excellence. This includes cyber security, political risk, risk management consulting, as well as RCM&D’s broad base of solutions from captives to total cost of risk containment and insurance.
RCM&D is ranked among the top independent insurance advisory firms in the United States. Our specialized teams provide strategic solutions and consulting for risk management, insurance and employee benefits. Leveraging more than 130 years of experience and strong local, national and global reach, we partner with organizations to meet all of their business objectives. For more information visit www.rcmd.com.
About Risk Cooperative
Risk Cooperative, a coverholder at Lloyd’s, is a specialized strategy, risk and insurance advisory firm licensed to originate, place and service innovative risk-transfer and insurance solutions in all 50 states, D.C. and Puerto Rico. Risk Cooperative helps organizations address risk, readiness and resilience through a comprehensive service and solution offering in partnership with leading insurance companies and value-adding partners. For more information visit www.riskcooperative.com.