Navacord reinforces commitment to Ottawa with the expansion of two local specialty brokers

Toronto, ON, June 12, 2024 – Navacord is pleased to announce its commitment to the Ottawa region, with the expansion of two specialty brokers including Petrela, Winter & Associates, a construction specialist, and Jones DesLauriers, renowned for their expertise in commercial, auto dealerships, and technology segments.

Effective May 29, Petrela, Winter & Associates (“Petrela Winter”), a Navacord Broker Partner since 2015 and leading specialty brokerage servicing the construction and real estate development industries, opened their newest office in Ottawa. Established in 1979, Petrela Winter has built a strong brand and reputation, offering specialized insurance, and bonding solutions and advice to contractors and developers across Canada.

Located at 1545 Carling Avenue, Petrela Winter’s Ottawa office is now officially open for business, led by Alexander Petrela, alongside a strong team of seasoned risk advisors. Petrela Winter’s other office locations include Toronto, London, and Sudbury.

“Ottawa is near and dear to us as some of our oldest client relationships that date back to the earliest days of our firm are based there.  We’re immensely proud to be a part of the local community, and excited to build on our success there, working with the region’s construction and development community,” says Roy Ferreira, President and CEO of Petrela Winter.

Jones DesLauriers, one of Navacord’s largest Broker Partners, is also pleased to enhance its presence in Ottawa by integrating Binks Insurance and Risk Balance Insurance into its brand, effective June 1. Both companies have been collaborating with Jones DesLauriers since joining the Navacord group, and the combined expertise of the Binks’ and Risk Balance’s teams strongly positions Jones DesLauriers to service businesses in the Ottawa community.

Binks Insurance, founded in 1918, brings deep roots within the Ottawa area to the Jones DesLauriers name as a multi-generational brokerage. In operation for over a century, Binks is well-known for their expertise in servicing automotive dealerships, non-profit organizations, and high-risk commercial placements.

“By joining forces with Risk Balance and coming together to establish Jones DesLauriers in Ottawa, we are confident that our clients will continue to be in good hands thanks to the knowledge and deep history we share as two Ottawa-based businesses. We look forward to achieving even greater success together,” says Harry Binks, President of Binks Insurance and the third-generation leader of the brokerage.

Risk Balance Insurance, established in 2016, has developed a reputation as a leading Ottawa brokerage in knowledge-based sectors including technology and life sciences, as well as non-profit organizations.

“We are excited about the opportunities that lie ahead as we come together with Binks Insurance, and we are optimistic about this next chapter,” says Neil Moloney, President of Risk Balance. “Moving forward, we seek to make an even greater impact servicing our niche sectors as Jones DesLauriers in Ottawa.”

In addition to amplifying Jones DesLauriers’ presence in Ottawa, Harry Binks and Neil Moloney have a shared history in the Ottawa insurance scene. This moment brings them together once again to serve the unique needs of their clients under one fortified business.  

“We are pleased to expand our footprint in Ottawa with the additional location of Petrela Winter and through bringing the Binks and Risk Balance businesses together under the strength of the Jones DesLauriers name,” says Shawn DeSantis, President and CEO, Navacord. “The combined expertise of all three brokerages underscores Navacord’s commitment to growth and excellence in serving diverse and specialized sectors in our nation’s capital.”

About Petrela, Winter & Associates

Petrela, Winter & Associates, a Navacord Broker Partner, is a specialized commercial brokerage focused exclusively on serving the surety, insurance and risk management needs of the construction and real estate development industries. PWA is dedicated to providing discerning contractors and developers with industry-leading service, expertise, and added value, backed by the resources and scale of Navacord, a top Canadian commercial insurance brokerage and leader in the construction segment.

About Jones DesLauriers

Jones DesLauriers Insurance Management Inc. is Canada’s industry-leading professional services firm and strategic partner for corporate insurance, risk management, and employee benefits providing expert solutions for each step of our clients’ journey.

About Navacord

Founded in 2014 and headquartered in Toronto, Ontario, Navacord is one of Canada’s top three commercial insurance brokerages. With $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.

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