In The News
Navacord expands group benefits and retirement consulting capabilities with acquisition of Future Benefits Management Inc.
Navacord Corp. is pleased to announce the addition of Toronto based Future Benefits Management Inc., (FBMI), effective June 3, 2019.
Founded in 1995 and exclusively focused on group benefits, FBMI will be joining JDIMI Consulting, Navacord’s Broker Partner dedicated to group benefits and retirement consulting. The move will further deepen Navacord’s specialization across Broker Partners enabling a more robust service offering to clients.
Navacord’s specialization expands as Westmount Guarantee opens Vancouver-based MGA, Westmount West Services Inc.,
Toronto, Ontario, Apr 23, 2019 – Westmount Guarantee Services Inc., a member of the Navacord group of companies, is pleased to announce their expansion into Western Canada with the opening of Westmount West Services Inc. in Vancouver, BC, effective April 18, 2019.
Toronto, Ontario, Apr 4, 2019 – Navacord Corp, Canada’s fifth largest commercial broker, advances growth strategy with addition of Hamilton-based The Mitchell & Abbott Group Insurance Brokers Limited, effective April 1, 2019.
Serving the needs of Hamilton clients for almost one hundred years, The Mitchell & Abbott Group is Navacord’s first expansion into the Southern Ontario / Niagara Peninsula area and strengthens its presence in the broader GTA. The Mitchell and Abbott Group provides insurance services for commercial and personal lines, employee benefits and also specializes in the design, implementation and administration of affinity and group insurance programs.
Effective January 31, 2019, Lloyd Sadd | Navacord is pleased to announce the acquisition of Pratt Lambert & Brown, (PL&B), who has been serving the needs of Edmonton clients since 1949.
Jeff Brown, Principal of Pratt Lambert and Brown, said “We are thrilled about the decision to join Lloyd Sadd | Navacord. Their commitment to building lasting relationships with their clients overlaps with our ‘three R’s’, (Responsibility, Relationship and Respect), and is one of the reasons why this is such a perfect fit for our businesses. We are also excited to join the Navacord Group of Companies and the opportunity to leverage the power of a national brokerage.”
Navacord continues expansion into Western Canada with the acquisition of a team of industry veterans and their book of business from BMS Canada, effective December 31, 2018.
The Vancouver team, led by Shaun Johnston, BMS Canada’s Managing Director, Construction & Development, joined Navacord’s Vancouver based Broker Partner, Wylie-Crump Limited. Wylie-Crump are experts in providing innovative insurance solutions and leading client service to the construction and development industries.
Navacord Strengthens Construction Practice with Addition of Specialty Company Westmount Guarantee Services Inc.
Navacord Corp, one of Canada’s largest commercial brokers, continues to expand its construction practice with the addition of Westmount Guarantee Services Inc., effective November 1, 2018.
Founded in 2011, Westmount has grown under the leadership of Jim Emanoilidis and Brian Argue to be the dominant provider of Tarion bonds, condominium deposit insurance and unique surety solutions.
Navacord Strengthens Client Value Proposition with Addition of Danielle Gorst as National Practice Leader, Financial Lines
Shawn DeSantis, President and CEO of Navacord, is pleased to announce the addition of Danielle Gorst as National Practice Leader, Financial Lines, effective October 18th.
Danielle brings almost twenty years of financial lines insurance experience to Navacord with over thirteen years in Executive Protection with a leading global insurer, in addition to six years with a global insurance broker, where she most recently led the Western Canada team of financial lines advisors.
Navacord’s “Local Touch. National Strength.™” Resonates with Saskatchewan’s Henderson Insurance Inc.
Navacord Corp. is pleased to announce the addition of Henderson Insurance Inc, one of Saskatchewan’s premier insurance brokerages, as their first Broker Partner in the province, effective November 1, 2018. With the support of Henderson Insurance, Navacord is well positioned to continue their plans to build out their business across Canada.
Commitment to Clients Attracts Navacord’s Newest Broker Partner – Paisley-Manor Insurance Brokers Inc.
Navacord Inc. is pleased to announce the addition of Paisley-Manor Insurance Brokers Inc. to their growing organization, effective August 1, 2018. Paisley-Manor is the third Broker Partner to join Navacord in 2018 and will continue to operate under the current management team.
Navacord Inc. (Navacord), a leading Canadian insurance brokerage, announced today that it has entered into an agreement for a management led buyout of its minority capital partner with the support of Madison Dearborn Partners (MDP), a leading private equity firm based in Chicago. The partnership with MDP will accelerate Navacord’s organic growth strategy and help support the addition of future broker partners across Canada.