Navacord Corp. acquiring PEI-based group benefits provider
Navacord Corp. is acquiring Cooke Capital, a group benefits plan provider based in Prince Edward Island, effective Aug. 13, 2020.
The partnership aims to combine the two companies’ insurance and benefits lines of business, supporting Navacord’s business strategy to provide more robust product offerings as it expands its benefits practice.
Read: Navacord acquiring Ontario-based benefits firms
“Cooke Capital complements Navacord’s business and is one of the few firms in Canada that has successfully cross-sold [property and casualty insurance] and benefits,” said Shawn DeSantis, president and chief executive officer at Navacord, in a press release. “In addition to expanding our reach to the Maritimes, [the firm] brings a lot of value to our benefits practice and we are pleased to welcome them to the Navacord family.”