Diversified Insurance, McQuade Consulting To Merge

The Maryland-based P&C firm Diversified Insurance Industries (DII) is merging with employee benefits and CFO advisory firm McQuade Consulting.

According to a release, the merger of both locally-owned and operated firms will allow the new company to provide better value to clients in the region they both serve.

“We are excited to enhance our clients’ workplace culture by supporting them in the largest priority of all successful businesses - recruiting, developing and retaining their people,” said DII president Tom Carroll.

“Our clients have trusted us for more than 49 years to help them protect what matters. Increasingly, our clients are looking for guidance with employee benefit strategies to protect their people; their number one resource. McQuade Consulting’s experience designing unique benefit programs for dynamic organizations will help us with a core goal – to make our clients more competitive in their quest for the top talent available,’” Carroll added.

McQuade’s expertise in designing, managing and administering employee benefit plans – focused on “empowering employees to identify the benefits they want,” complements DII’s approach of engaging clients in a risk review process that suits their needs, a release said.

“Service to our clients is our number one priority and in DII we found a partner with the same philosophy. This merger will blend the talents of both organizations to protect our clients’ assets. McQuade and DII have collaborated on client success for years. Now that McQuade and DII are one, I am excited to provide this collective expertise to the marketplace,” commented McQuade founder and managing director Pete Chesner.