Navacord Further Expands its Specialization with Navis Marine Insurance Brokers
Toronto, ON (May 8, 2024) – Navacord is excited to announce their recent partnership with Navis Marine Insurance Brokers, effective as of May 1. Founded in 2011 after seeking to fill a gap in the BC market for a specialty marine insurance provider, Navis has now grown to be a leading national marine broker based in Vancouver.
As a Lloyd’s coverholder, Navis brings a strong presence in the London market alongside their expertise in insurance solutions for both commercial vessel owners and recreational boaters as well as marina operators, manufacturers, dealers, repairers, cargo transporters, and general personal and commercial lines.
“Navacord’s reputation for service excellence and their desire to grow in the niche sector of marine insurance made them a perfect fit as our partner,” says Paul Mendham, President and CEO, Navis Marine Insurance Brokers. “This collaboration provides us not only a ‘safe harbour’ where we can refine our expertise, but also opens doors to new opportunities for amplified market presence and expansion.”
Leveraging Navis’ deep understanding in meeting the marine industry’s needs for tailored insurance solutions, this partnership reinforces Navacord’s commitment to building out their specialty lines while expanding their geographic presence in BC.
“The addition of Navis to the Navacord group underscores our strategic focus on expanding our speciality lines, and we are pleased to expand our capabilities in the marine sector,” says T. Marshall Sadd, Executive Chairman, Navacord. “They bring a demonstrated track record of delivering innovative solutions with unique products that we look forward to distributing across Canada.”
This marks Navacord’s ninth partnership of 2024.
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.
About SécuriGlobe
SécuriGlobe is one of the largest travel insurance brokers in Canada. We work in partnership with a network of more than 1,000 active partners across Canada and represent a variety of recognized insurers. Our priority is to provide you with travel protection that perfectly meets your needs while offering you unparalleled service.
SecuriGlobe offers a diversified range of exclusive protection products linked to several of the largest insurers in Canada. This allows us to offer you more than 30 adapted and personalized products, whether for short or long stays, interprovincial or cross-border travel, vacation or business travel.
About Blue Cross Canassurance
Headquartered in Montreal, Blue Cross Canassurance has been a leading health partner that provides health, travel, and life insurance benefits and assistance services to individuals and organizations for over 80 years. Member of the Canadian Association of Blue Cross Plans, Blue Cross Canassurance operates under the Quebec Blue Cross and Ontario Blue Cross brands and is committed to providing innovative insurance products to its clients and partners. Through its wholly-owned subsidiary CanAssistance, Blue Cross Canassurance also provides travel and health assistance products and services to its corporate partners, serving millions of Canadians across the country.
SOURCE: Navacord
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