Canadian Underwriter

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Navacord

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Meet Navacord’s new president of MGA underwriting solutions

August 24, 2022 by David Gambrill

Navacord Corp. has appointed Greg Irvine into the newly created role of president of MGA underwriting solutions, effective Sept 6, 2022. Irvine brings more than 20 years of insurance industry experience to Navacord and will be leading all managing general

Business team connecting pieces of a gear, symbolizing partnership
News Insurance

Navacord enters new province with latest M&A deal

August 18, 2022 by Jason Contant

Navacord Corp. has entered into a new province with the acquisition of Winnipeg-based ONYX Financial Group. ONYX’s portfolio encompasses benefits consulting and wealth management services, “and they have fortified a well-known presence within Manitoba and [northwestern] Ontario because of their

News BrokersInsuranceMergers and Aqcuisitions

Navacord makes its largest deal of the year

August 10, 2022 by Alyssa DiSabatino

Navacord Corp. has completed its 20th and largest M&A deal of the year following its partnership with Insurance Store, effective Aug. 1, 2022.   Headquartered in Windsor, Insurance Store has five offices across Ontario in Barrie, Collingwood, Chatham, and Woodstock,

Business people shaking hands in the office
News Insurance

Top 4 brokerage steps into new province with acquisition

March 8, 2022 by Jason Contant

Founding Navacord broker partner Jones DesLauriers has announced Navacord’s inaugural partnership in Quebec with the addition of Abatis Risk Management (Abatis Gestion de Risques inc.) to its ranks. “The addition of Abatis deepens the Jones DesLauriers’ commercial bench strength, further

Picture of business people joining gears
News Insurance

Large brokerage makes fourth acquisition in 2022 

February 18, 2022 by Jason Contant

Navacord Corp. is expanding its reach in northern Alberta with the addition of Stone Insurance Brokers.  Based in Manning, Alta., Stone Insurance Brokers services clients across northern Alberta and British Columbia, specializing in forestry, farming, transportation and oil and gas. 

News Mergers and Aqcuisitions

Top 5 Canadian brokerage just got bigger

January 10, 2022 by Alyssa DiSabatino

Navacord Corp. has just partnered with Group Lockhart Inc., PGI Financial, and Maritime Group Benefits.   Navacord’s brokerages offer commercial and personal insurance, surety, employee benefits, and retirement consulting. Ontario-based Group Lockhart Inc. and PGI Financial specialize in local small- to

News Insurance

Large Canadian brokerages grow larger through acquisitions

November 5, 2021 by Jason Contant

Two large Canadian property and casualty brokerages — Navacord and Westland Insurance — continue to grow with the announcement of their latest acquisitions in Ontario and Manitoba. On Thursday, commercial brokerage Navacord Corp. said it added Ontario-based brokerages Ives Insurance

News Insurance

M&A growth sets Navacord on course for $3 billion in premium

June 10, 2021 by Jason Contant

Navacord Corp. has finalized a record number of brokerage acquisitions in one month, with four deals already closed across the country in June. The latest transactions represent a total of 18 new locations and over 430 employees. More deals are

News Insurance

Three large Canadian brokerages announce separate M&A deals

April 8, 2021 by Jason Contant

Three large Canadian brokerages have announced recent acquisitions of other brokerages. On Thursday, Westland Insurance reported it closed its acquisition of MBS Insurance Brokers, effective Apr. 1. Navacord Corp. added LL Renaissance Insurance Brokerage Canada Limited to its ranks, while

News BrokersInsuranceMergers and Aqcuisitions

Navacord builds up war chest to finance future M&A

April 6, 2021 by Greg Meckbach

Navacord has built up a sizeable war chest to fund future mergers and acquisitions. The Toronto-based group of brokerages recently completed $1.05 billion in financing, a portion of which is to be used to take advantage of unspecified “M&A opportunities,”

Blocks with M&A written on them
News Insurance

Brokerages snapped up coast-to-coast in latest M&A deals

March 3, 2021 by Jason Contant

Canadian brokerage acquisitions continue coast-to-coast with the recent purchases of four brokerages in British Columbia, Saskatchewan, Manitoba and New Brunswick. Navacord, B.C.-based brokerage Waypoint Insurance, Archway Insurance and Westland Insurance Group (which bought two brokerages) all made acquisition announcements at

Women holding a sign with 'M&A' written on it
News Insurance

Deal Tracker: The latest in brokerage M&A

February 4, 2021 by Jason Contant

The number of mergers and acquisitions in the Canadian P&C insurance space (mostly involving brokerages) has hit double digits already this year, with two large brokerages contributing to the latest round of deal-making. Hub International announced Tuesday that it had