Navacord Further Expands its Specialization with Navis Marine Insurance Brokers

Toronto, ON, May 22, 2024 – Navacord is excited to announce their recent partnership with Navis Marine Insurance Brokers, effective as of May 1. Founded in 2011 after seeking to fill a gap in the BC market for a specialty marine insurance provider, Navis has now grown to be a leading national marine broker based in Vancouver.

As a Lloyd’s coverholder, Navis brings a strong presence in the London market alongside their expertise in insurance solutions for both commercial vessel owners and recreational boaters as well as marina operators, manufacturers, dealers, repairers, cargo transporters, and general personal and commercial lines.

“Navacord’s reputation for service excellence and their desire to grow in the niche sector of marine insurance made them a perfect fit as our partner,” says Paul Mendham, President and CEO, Navis Marine Insurance Brokers. “This collaboration provides us not only a ‘safe harbour’ where we can refine our expertise, but also opens doors to new opportunities for amplified market presence and expansion.”

Leveraging Navis’ deep understanding in meeting the marine industry’s needs for tailored insurance solutions, this partnership reinforces Navacord’s commitment to building out their specialty lines while expanding their geographic presence in BC.

“The addition of Navis to the Navacord group underscores our strategic focus on expanding our speciality lines, and we are pleased to expand our capabilities in the marine sector,” says T. Marshall Sadd, Executive Chairman, Navacord. “They bring a demonstrated track record of delivering innovative solutions with unique products that we look forward to distributing across Canada.”

This marks Navacord’s ninth partnership of 2024.

About Navis Marine Insurance Brokers

Navis Marine Insurance Brokers is committed to providing clients with the best insurance coverage available, tailored to their needs.

At Navis, we cut through the jargon and offer our clients easy-to-understand policies written in the plainest language possible. Our relationships with the largest insurance companies in the country mean that we can scour the market for the best policies and our status as one of the few Lloyd’s of London Coverholders in Canada means that we can offer the same global reach and brokering abilities as the big firms and process claims faster.

Navis is a 100% privately owned, independent brokerage. We provide insurance solutions for both recreational and commercial boaters as well as marina operators, manufacturers, dealers, repairers, cargo transporters and specialty cases.

About Navacord

Founded in 2014 and headquartered in Toronto, Ontario, Navacord is one of Canada’s top three commercial insurance brokerages. With $3 billion in premiums, Navacord stands as a leader in group insurance and risk management solutions. From commercial and personal insurance to surety, employee benefits and retirement consulting, Navacord leverages national strength and resources with the local touch service of industry-specialized Navacord Broker Partners to deliver the trusted advice, expertise and custom insurance solutions clients need to face the future with confidence.

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