Navacord Expands its Underwriting Solutions Practice with Addition of Unity Managing Underwriters
Toronto, ON (Oct. 4, 2023) – Navacord is excited to announce their recent partnership with Unity Managing Underwriters Ltd., effective as of August 1.
With roots dating back to 1997, Unity Managing Underwriters is based in Toronto and specializes in creditor, life, disability, and extended warranty products for personal and commercial vehicles. Unity is well-known for their work dealing with clients in the financial sector and automotive dealerships.
“We’re confident that joining Navacord will enrich Unity’s product development while expanding our dynamic business mindset and model,” says Tony Guarini, Vice President, Unity Managing Underwriters. “Navacord’s well-established presence in the automotive space will lend well to our client offerings, and we look forward to further developing their MGA roster as well.”
This move underscores Navacord’s ongoing commitment to enhancing their expertise and presence in the MGA space, an area that Canada’s fourth-largest commercial brokerage has been strategically focusing in since the formalization of their Underwriting Solutions department in 2022.
“Our partnership with Unity Managing Underwriters is another step towards ensuring Navacord Broker Partners have access to best-in-class placements and products for their clients within our many industry sectors,” says T. Marshall Sadd, Executive Chairman, Navacord. “We welcome Unity to the Navacord network and we’re enthusiastic about the amplification they’ll bring for our MGA presence and transportation expertise.”
About Unity Managing Underwriters
Unity Managing Underwriters Limited is a privately held company, located in Toronto, Ontario, Canada, established in 1997. Unity is a flexible, reliable and experience resource and solution for insurance companies and financial institutions pursuing creditor group insurance business, as well as other lines of group and individual Life and Accident and Health business.
Unity has been proud of establishing and maintaining quality long-term relationships with our insurance company and financial institution clients. We pledge to honour our commitment to our producers and carriers by holding ourselves to the highest ethical standards.
Unity provides a wide range of services, including managing general underwriting services, third-party administration, product development, and insurance brokers and consulting services.
About Navacord
Founded in 2014 and headquartered in Toronto, Ontario, Navacord is one of Canada’s top four commercial insurance brokerages. With $3 billion in premiums, Navacord stands as a leader in group insurance and risk management solutions. From commercial and personal insurance to surety, employee benefits and retirement consulting, Navacord leverages national strength and resources with the local-touch service of industry-specialized Navacord Broker Partners to deliver the trusted advice, expertise and custom insurance solutions clients need to face the future with confidence.
With a unique ownership model and value proposition, Navacord is the preferred partner for entrepreneurial insurance brokerages seeking to grow as a part of something bigger, while maintaining their distinct identity and culture. For more information, please visit navacord.com.
SOURCE: Navacord
Tags: Acquisition, Navacord