In The News
TORONTO, July 6, 2020 – Navacord Corp., one of Canada’s top commercial insurance brokerages and a leader in risk management services, announces a series of partnerships with four prominent P&C brokers across Canada, solidifying Navacord’s position as the country’s fourth largest commercial broker.
In time for Canada Day, Navacord officially closes its deal with Blanket Insurance in Edmonton, AB, and welcomes Smiths’ Insurance in Regina, SK; The Hull Group in Toronto, ON; and Cooke Insurance, one of the largest independent brokerages in 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.
TORONTO, June 24, 2020 – As the Coronavirus pandemic continues to grip the global economy, many businesses have slowed or halted M&A activity altogether.
Reports from firms such as Deloitte had already forecasted a global downturn in 2020, mostly due to trade and economic uncertainties, but the realities of COVID-19 have made M&A even more difficult.
TORONTO, June 19 , 2020 – Over the past few months, we’ve rapidly pivoted the way we work, the way we serve our clients, and the way we collaborate across Broker Partners. We’ve successfully enabled our teams to work remotely, keep our employees healthy and safe, and extended continuous support to our clients. While the process has not always been easy, it has been eye-opening.
TORONTO, April 21, 2020 – Navacord Corp., one of Canada’s top commercial insurance brokerages and a leader in risk management services, is pleased to announce the appointment of Jason Cedrone, Brad Gourlay, Shawn McCallum, and Hugh Patterson as the newest Navacord shareholders—respectively representing Jones DesLauriers, Henderson Insurance, Petrela Winter & Associates, and Iridium Risk Services.
“We are proud to welcome four esteemed colleagues to the Navacord shareholder group,” says Shawn DeSantis, President & CEO, Navacord. “They are each as passionate as we are about our clients’ success, and by combining our national strength with their local expertise, we will continue to grow, together.”
TORONTO, April 13, 2020 – There is no denying that COVID-19 has altered the state of the world—for individuals, families, and businesses alike. The future is coming at us fast. We are dealing with a rapidity of change that none of us have experienced before.
In these uncertain times, we wanted to reach out directly to share how Navacord is facing these new challenges while continuing to support those who rely on us.
As a leading insurance and risk management firm, with clients and teammates across Canada, it was important that we were an early responder. We had been closely following the global spread of COVID-19, the responses of nations and businesses alike, and knew it was a matter of when—not if—North America would feel its broad impacts.
TORONTO, April 14, 2020 – Navacord Corp., one of Canada’s top commercial insurance brokerages and a leader in risk management services, has signed a definitive agreement to acquire Edmonton-based brokerage Blanket Insurance Ltd. The closing of the transaction is subject to customary conditions and approvals.
Founded in 2008, Blanket Insurance Ltd. is a niche brokerage providing a full range of customized insurance services and solutions to address the needs of both businesses and individuals, including property, automobile, and specialty insurance products. Blanket Insurance Ltd. will operate as a division of Lloyd Sadd Insurance, a Navacord broker partner.