Financial services company returns to Delaware

After closing its Hockessin office 12 years ago, Northwestern Mutual is back in Delaware with a new office in North Wilmington.

Located inside the Delaware Corporate Center off Concord Pike, a ribbon cutting ceremony today officially welcomed the life insurance and financial services provider back to the First State.

“A big part of our marketplace is business owners so it’s a natural marketplace for us… We’re also very strong in the medical community,” said Northwestern Mutual Managing Director Drew Braun. “It’s just an area we’ve overlooked and we’re excited to be back.”

“We’re just delighted, frankly, that you’re opening this office, that you’ve seen the market opportunity to expand, to come back to Delaware after 12 years,” said Congressman John Carney, D-Del, in a speech ahead of the ribbon cutting.

Braun says Northwestern Mutual will hire seven full time employees and seven interns over the next 12 months, but the company hopes to eventually employ as many as 50 Delawareans.

“The fact that they’re committed to hiring local people I think says a lot and it’s a momentum that’s happening in New Castle County and the state of Delaware,” said New Castle County Executive Paul Clark.

The Delaware office will serve all of the Delaware, Cecil County, Maryland and some adjoining counties in Pennsylvania.