Canadian Underwriter

Paisley-Manor becomes a Navacord broker partner

August 1, 2018   by Staff

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Mergers_1National insurance brokerage organization Navacord Inc. has announced that Toronto-based Paisley-Manor Insurance Brokers Inc. has joined the organization.

Paisley-Manor is the third broker partner to join Navacord in 2018. The firm will continue to operate under the current management team.

Read: Navacord partners with MDP on management-led buyout of minority capital partner

Paisley-Manor was established in 1955 and serves clients across many industry sectors including: real estate, construction, institutional, educational and charitable organizations, retail and manufacturing.

“Paisley-Manor’s business philosophy complements the entrepreneurial and independent spirit of the Nava- cord Broker Partners,” says T. Marshall Sadd, Navacord Executive Chairman in a release. “Their expertise and specialization has been serving clients for over 60 years and earned them a stellar reputation in the industry.”

Read: Navacord expands into British Columbia

Michael Paisley says, “This is a people business and we believe the principles of the Navacord broker partners differentiate them from other organizations. The opportunity to engage the resources and expertise of a national brokerage will enhance our current client product and service offerings. We are excited to partner with other like-minded brokers and be part of a larger group that shares a common philosophy towards clients and our business.”

Shawn DeSantis, Navacord President & CEO says, “With the addition of Paisley-Manor, Navacord continues the expansion of our presence in the Toronto marketplace; specifically in the key segments of real estate, high net worth personal insurance and manufacturing. We welcome the partnership group of Paisley-Manor and look forward to working with them.”

Navacord recently announced a management led buyout with the support of Madison Dearborn Partners. According to the company, it is the fifth largest commercial broker in Canada, by volume, with over $700 million in premium and over 80% of revenue from commercial insurance.

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This story was originally published by Canadian Insurance Top Broker.