Bearence Management Group was founded in 2005 by Joe Teeling and Dave Schwartz after both left distinguished 20+ year careers with the world's largest insurance broker. Their mission in establishing the new firm was a fairly simple one of creating an excellent organization that provided their colleagues with the type of environment that would enable them to provide unparalleled service to their clients, and bringing solutions generally provided to Fortune 500 companies to small to medium-sized companies.
Bearence is Redefining Risk
Bearence Management Group is redefining risk in the insurance and financial services industry. Focusing on risk, investments, communications, consulting and outsourcing, the firm goes beyond the more traditional insurance agency by evaluating a company's entire risk profile and developing solutions that may or may not include the purchase of insurance.
“We’re excited about our opportunities in this industry,” Bearence Chairman and CEO Joe Teeling said. “We’ve grown dramatically over the last three years and our overall vision of redefining risk for small to mid-sized employers is a compelling story.”
“Traditionally, brokers have focused on benefits, property and casualty or even dabbled in financial services,” Bearence President Dave Schwartz noted. “We’re redefining the industry by reviewing a client’s entire risk exposure regardless of which category it may fall. There exists an overlap amongst the disciplines whether you're looking at how work comp and health insurance relate, how fiduciary liability and employee communications relate or how contractural liability and a customer's insurance program relate.”
The team of professionals that has been assembled includes specialists in the areas of property & casualty, employee benefits, financial services, worksite voluntary products, personal lines and a variety of specialty expertise. The ultimate goal of Bearence, in any relationship, is to perform a total risk evaluation for the client in order to address any gaps through a combination of insurance, investments, communications, consulting and outsourcing.
Bearence operates today in Des Moines, Davenport, Minneapolis, Kansas City, Indianapolis and Nashville and continues to expand its operation in these cities as well as looking at other locations to redefine risk in those communities.