Navacord is a Canadian platform to benefit the independent insurance brokerage community. The company is a nationwide partnership of entrepreneurial brokers with deep roots in local business communities. It was created with the mandate to help build and guide the best performing brokerages in the country, while keeping the entrepreneurial spirit alive.
Partners can expect:
Brokerage consolidation is taking place at an extremely rapid rate. As consolidators, insurers and multi-national firms continue to acquire brokerages it is becoming more and more difficult for locally based brokers to thrive.
Navacord reverses this trend.
Its business model enables partners to remain majority broker owned, while focusing on organic growth, producing healthy profits, and internal perpetuation. Each broker will maintain their regional focus, but will benefit from a wealth of expertise, innovation, buying power, and enhanced talent management that will help keep them in the game.
Partnering with Navacord offers:
Navacord is seeking opportunities with best-in-class brokerages that offer the group:
a ) Geographic reach
Navacord aspires to build key anchor brokers across Canada that offer support to local brokers throughout the country.
b ) EBITDA growth and financial strength
Navacord is searching for partners with a history of strong financial success and a passion for organic growth in their region.
c) Management strength
Navacord believes in strong leadership, and is looking for brokerages that embrace the entrepreneurial spirit and value a sales-driven culture.
d ) Cross-promotional synergies
Navacord is pursuing partnerships that enhance its depth of expertise in niche areas of risk management and commercial insurance.
Navacord was established by three dynamic insurance industry leaders – Jones DesLauriers Insurance Management Inc. (JDIMI), Lloyd Sadd Insurance Brokers and Fairfax Financial Holdings Limited. Each brings stability and longevity, as well as unique and complementary values to Navacord’s partner firms and their clients. They have the reputation of established brands in the broker community and a proven track record of fast organic growth, while maintaining profitability.
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