In The News
Toronto, Ontario, Apr 4, 2019 – Navacord Corp, Canada’s fifth largest commercial broker, advances growth strategy with addition of Hamilton-based The Mitchell & Abbott Group Insurance Brokers Limited, effective April 1, 2019.
Serving the needs of Hamilton clients for almost one hundred years, The Mitchell & Abbott Group is Navacord’s first expansion into the Southern Ontario / Niagara Peninsula area and strengthens its presence in the broader GTA. The Mitchell and Abbott Group provides insurance services for commercial and personal lines, employee benefits and also specializes in the design, implementation and administration of affinity and group insurance programs.
Navacord Inc. (Navacord), a leading Canadian insurance brokerage, announced today that it has entered into an agreement for a management led buyout of its minority capital partner with the support of Madison Dearborn Partners (MDP), a leading private equity firm based in Chicago. The partnership with MDP will accelerate Navacord’s organic growth strategy and help support the addition of future broker partners across Canada.