Navacord

Executive UpdatesNavacord is “Manning Northern Alberta”

Navacord is “Manning Northern Alberta”

—Welcoming Stone Insurance Brokers to the fold—

TORONTO, ON, February 16, 2022 – Navacord Corp., a trailblazer within the insurance industry and
one of Canada’s top commercial insurance brokerages, is thrilled to announce the addition of Stone
Insurance Brokers, effective February 1, 2022.

Based in Manning, Alberta, Stone Insurance Brokers services clients across Northern Alberta and B.C. –
specializing in forestry, farming, transportation, and oil and gas. Known for their first-hand experience
within their client’s sectors and deep industry knowledge, Stone has developed strong roots in the
communities of Northern Alberta.

“Navacord provides an ideal structure that is unique in the industry which allows us to enhance what
we’ve built in our market while supporting the development of our team, clients, and business,” says
Daken Soroka, President and CEO, Stone Insurance Brokers. “We maintain the family name and the
brand we’ve built, but with access to more markets and Navacord’s national resources, we can now
better serve our clients and transition our brokerage to the next level of growth.”

“As a third-generation business joining Navacord, Stone Insurance demonstrates that our model
continues to resonate with leaders across the industry and country,” says T. Marshall Sadd, Executive
Chairman, Navacord. “We look forward to supporting them in their growth journey and for generations
to come.”

This partnership is Navacord’s fourth in 2022, and their first in Western Canada this year. Stone
Insurance Brokers expands Navacord’s reach in the province to service more of Northern Alberta—a
unique region with equally specialized industry niches that require the expert advice and boots-on-the-ground
approach offered by Stone.

“Stone Insurance is a prime example of what we look for in new partners—impressive growth, strong
client focus, and a commitment to innovative risk management solutions,” says Shawn DeSantis,
President & CEO, Navacord. “They have built a strong reputation across their region and within the
sectors they do business and we are excited to support their continued success.”

Navacord has secured their position as the fourth-largest commercial brokerage in Canada thanks
to a unique model that focuses on partnerships with high-performing, entrepreneurial brokers. This
transaction reinforces their status as a national leader dedicated to the diverse need of clients in
communities big and small, from coast-to-coast.

Stone Insurance Brokers will be supported by founding Navacord Broker Partner, Lloyd Sadd Insurance
Brokers.

About Stone Insurance Brokers
A third-generation, family-run business founded in 1988, Stone Insurance Brokers is a full-service
commercial brokerage in Manning, Alberta. Specializing in forestry, farming, transportation, and oil and
gas, Stone has built a rich foundation in Northern Alberta thanks to their familiar presence and longstanding
relationships in the communities where they live and work. Stone is known for their first-hand
experience and expertise within the sectors that drive their regional growth and have built a reputation
on providing trusted advice and personalized service.

About Navacord
Founded in 2014 and headquartered in Toronto, Ontario, Navacord is one of Canada’s top four
commercial insurance brokerages. With over $2.5 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.
With a unique ownership model and value proposition, Navacord is the preferred partner for
entrepreneurial insurance brokerages seeking to grow as a part of something bigger, while maintaining
their distinct identity and culture.

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