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Navacord welcomes Toole Peet Insurance of Calgary as new broker partner


November 9, 2017   by Canadian Underwriter


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Navacord Inc. is welcoming its new broker partner, Calgary-based brokerage Toole Peet Insurance.

The partnership expands Navacord’s connections “even further with entrepreneurial insurance brokers across Canada,” the insurance and risk management brokerage said in a press release on Nov. 3.

Toole Peet’s president, Larry Toole, and managing director Colin Toole will continue to lead the compant that will still operate under the name Toole Peet, the release said, adding that “this partnership with Navacord will increase the buying power, talent development, expertise and innovation that Toole Peet offers, yet the brokerage will maintain its autonomy, local family feel and recognized brand.”

Serving Albertans for more than 100 years, Toole Peet has a “large and broad” customer base in both commercial and personal insurance, Navacord said in the release. Effective Nov. 1, Toole Peet joined Navacord’s six other nationwide brokers – Lloyd Sadd Insurance Brokers; Jones DesLauriers Insurance Management Inc.; Iridium Risk Services Evolved; JDIMI Consulting; Petrela, Winter & Associates and Whitley – to become a partner.

“Navacord focuses on growth and momentum, and by partnering with brokerages like Toole Peet that enhance its depth of knowledge and insurance expertise, Navacord’s vision remains on track,” the release said.

“Our team seeks out the best in our industry and we feel Toole Peet is a perfect match for Navacord for us to succeed together,” added Navacord’s president and CEO Shawn DeSantis. “Their long-term industry experience and genuine relationships with clients will enhance our whole organization’s ability to provide customers with exceptional service.”

Larry Toole said that the team look forward to partnering with Navacord to “enhance our brand and offering, while broadening our network. We will maintain our local autonomy and focus on quality and timeliness for our long-standing customers, but will have more vigour in future business as a Navacord partner.”

The release said that Navacord’s leadership team “continues to pursue partnership strategies that provide opportunities of growth for the whole group of companies.” Its business plan remains geared towards shaping the national brand and building regional broker operations across Canada.

“Toole Peet’s century-long history in Alberta gave us comfort knowing their stability in the industry and customer relationships were genuine and strong,” concluded T. Marshall Sadd, executive chairman at Navacord. “We look forward to the future of this collaboration and welcome Toole Peet’s innovate team to join our entrepreneurial group.”