Navacord Corp. announced Aug. 10 that it has acquired Insurance Store, effective Aug. 1. Founded in 1945, the commercial insurance firm is headquartered in Windsor and has offices in Barrie, Collingwood, Chatham, and Woodstock, Ontario.
“We can see that Insurance Store is poised for growth, and that excites us,” stated Shawn DeSantis, President and CEO, Navacord. “Their entrepreneurial spirit, and belief in their brand, practice, and community resonates with our vision of providing local touch service with national strength.”
Navacord says it will work closely with Insurance Store to position and expand its product and service offering while maintaining it’s leadership.
“It’s a great time to lead the Insurance Store team,” says Jamie Mingay, President, Insurance Store. “Navacord understands what it is to be a broker and has the resources and capacity to help us build. I look forward to the entire team collaborating across Navacord – it's great synergy.”
Navacord has bought numerous firms in recent months and says it is currently the fourth largest insurance brokerage in Canada. “Insurance Store marks Navacord’s twentieth and largest partnership of 2022,” says the brokerage.