Navacord Corp., a commercial insurance brokerage, announced on July 6 a series of acquisitions. The company says this move solidifies its position as the country’s fourth largest commercial broker.
Navacord officially closed its deal with Blanket Insurance in Edmonton, AB, and welcomed Smiths’ Insurance in Regina, SK; The Hull Group in Toronto, ON; and Cooke Insurance, of the Maritimes. “With existing Broker Partners that span central and western Canada, these latest additions are another step in supporting Navacord’s vision of building the great Canadian brokerage,” stated the company in an announcement.
“Navacord’s entrepreneurial partnership model continues to resonate with high-performing brokers in both the P&C and benefits sectors across Canada,” says T. Marshall Sadd, Executive Chairman of Navacord. “In addition to helping us scale into new geographical territory, each of these Broker Partners allows Navacord to expand upon our existing expertise, while deepening the depth of our product offerings and lines of business.”
“Brokers continue to join Navacord to take their business to the next level. Our model allows them to advance their growth journey while executing on their continued ownership and succession plans,” says Shawn DeSantis, President and CEO of Navacord. “Each new partner brings a unique perspective but shared vision to create synergies across Canada.”
This latest series of broker additions represents a total of seven acquistions to date in Navacord’s fiscal year.
