Navacord Announces Strategic Partnership with Citistar Financial, Expanding Footprint in Financial Services
Toronto, ON (Jan. 20, 2025) – Navacord Corp., one of Canada’s largest and fastest-growing insurance brokerages, is pleased to announce its new strategic partnership with Citistar Financial, a leading Canadian life insurance MGA (Managing General Agent). This partnership underscores Navacord’s ongoing expansion into financial services and specialty lines, reinforcing its commitment to delivering tailored solutions for diverse markets.
Founded with a focus on entrepreneurial spirit and innovative leadership, Citistar Financial has experienced remarkable growth since its inception. Citistar has established itself as a leader in its highly defined business segment. Known for delivering customized life insurance solutions, the company has earned the trust of clients and advisors alike, building a loyal customer base through dedication and expertise.
“Our partnership with Citistar Financial is a pivotal move for Navacord as we continue to expand and diversify our offerings within the financial services sector,” says Shawn DeSantis, President and CEO of Navacord. “Citistar’s strong leadership team and entrepreneurial culture align with our goals of driving growth and offering niche, specialty services. Together, we’ll continue to meet the evolving needs of clients across Canada.”
“We are excited to partner with Navacord as this collaboration opens up tremendous growth opportunities for Citistar Financial,” says Michael Yan, CEO of Citistar Financial. “Navacord’s resources, collaboration and expertise in property and casualty insurance will support our very deep understanding of the financial services business, helping us better serve our partners and clients, and continue our tradition of excellence. Together, we look forward to building an even stronger foundation for future success.”
Citistar’s entrepreneurial approach, combined with its impressive growth trajectory, aligns with Navacord’s vision of providing innovative and client-focused solutions across Canada. This partnership reinforces Navacord’s commitment to creating Canada’s leading Risk Management, Financial Services, and People Advisory Firm.
About Navacord
Founded in 2014 and headquartered in Toronto, Ontario, Navacord is one of Canada’s top three commercial insurance brokerages. With $5 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. For more information, please visit navacord.com.
About Citistar Financial
Founded in 1999, Citistar Financial is one of Canada’s top financial services marketing companies and life insurance MGAs. Founder led, with an entrepreneurial mindset and a client-centric approach, Citistar has experienced strong growth and success through its tailored life insurance solutions and market expertise.
SOURCE: Navacord
Tags: MGA, Navacord, partnership