Since Feb. 1, Stone Insurance Brokers, has been part of Navacord. The insurance brokerage consolidator announced the acquisition in a press release on Feb. 16.

Based in Manning, Alberta, Stone Insurance Brokers serves clients in northern Alberta and British Columbia and specializes in the forestry, agriculture, transportation and oil and gas sectors. Founded in 1988, the firm is managed by the third generation of its founders.

This is Navacord's fourth acquisition in 2022 and first in Western Canada this year.

Founded in 2014 and based in Toronto, the Navacord has more than $2.5 billion in annual premium volume.