Navacord Corp. announced on March 13 the acquisition of Essex, Ontario-based All-Risks Insurance Essex. The acquisition became effective March 1, 2024. 

All-Risks Essex is a third-generation insurance broker specialized in personal and commercial lines insurance. 

All-Risks Essex’s team and its former partner, Josh Lazarus, will join Ives Insurance Brokers, a Navacord-owned firm. Ives, founded in Essex, has several locations in Southwestern Ontario. 

“At Navacord and Ives, we are dedicated to fostering strategic partnerships that drive mutual growth and success,” stated Jeff Ives, President, Ives Insurance Brokers in the announcement. “Our collaboration with Josh and the intention for his team to grow under Ives Insurance represents a positive move for our industry expertise and presence in Southwestern Ontario.”

This marks Navacord’s second acquisition announced in 2024. It’s first acquisition of the year was Winnipeg-based Avant Insurance, announced in late February. The brokerage consolidator previously told Insurance Portal that it purchased a total of 22 brokerages in 2023.