In The News
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.
Navacord Continues Expansion into Group Benefits and Retirement Consulting with Acquisition of Benemax Financial Group
TORONTO, March 24, 2020 – Navacord Corp. is pleased to announce the addition of Benemax Financial Group Inc., effective March 11, 2020.
Since 1989, Benemax Financial Group has provided small and mid-sized firms with professional guidance in the management of employee, executive and shareholder benefits programs, with clients spanning media, healthcare and manufacturing to government agencies.
TORONTO, March 3, 2020 – Navacord Corp., one of Canada’s top commercial insurance brokerages and a leader in risk management services, is pleased to announce the addition of Brookstone Insurance Group Inc., effective March 2, 2020.
Brookstone was founded in 2015 and is a boutique brokerage providing highly personalized service to address the unique needs of businesses & high-net worth individuals.
December 16, 2019– Navacord Corp., a leading Canadian insurance and risk management brokerage, is pleased to
announce the addition of Ontario-based SmartChoice Benefits Inc.
Focused on developing group benefits products for more than 25 years, SmartChoice provides affordable, comprehensive benefit plan options tailored to niche business segments that have been traditionally underserved by the group insurance market across Canada, including contracted employees, small businesses and franchises.
October 15, 2019 – Navacord Corp., a leading insurance and risk management brokerage, is pleased to announce the opening of the Laval, Quebec location of Jones DesLauriers Insurance Management Inc., a founding Navacord Broker Partner.
Navacord’s Banner Year Continues With the Addition of Hoffmann Kool Insurance and Life Line Insurance
October 1, 2019 – Navacord Corp., a leading insurance and risk management brokerage, is pleased to announce their strategic expansion in Saskatchewan with the addition of Hoffmann Kool Insurance and Life Line Insurance.
Both Hoffmann Kool and Life Line have proudly served the business, personal and life insurance needs of Saskatchewan communities for over thirty years. Located in Saskatoon, both offices will remain under the management of their current leadership teams.