Navacord, one of Canada's leading commercial insurance brokerages, has added Stone Insurance Brokers into its fold, effective February 01, 2022.

Founded in 1988, Stone Insurance Brokers is a third-generation, family-run commercial brokerage based in Manning, Alberta. It specializes in forestry, farming, transportation, and oil and gas, and serves clients across Northern Alberta and British Columbia. The brokerage is known for its first-hand experience and expertise within the sectors that drive its regional growth and has built a reputation for providing trusted advice and personalized service.

Daken Soroka, president and CEO of Stone Insurance Brokers, said the partnership with Navacord allows the brokerage to maintain its family name and the brand it has built while gaining access to more markets and Navacord's national resources, providing clients with better service and enabling the business to transition to the next level of growth.

“Navacord provides an ideal structure that is unique in the industry, which allows us to enhance what we've built in our market while supporting the development of our team, clients, and business,” Soroka said.

Navacord executive chairman T. Marshall Sadd said the addition of Stone Insurance Brokers demonstrates that Navacord's model continues to resonate with leaders across the insurance industry and the country.

“We look forward to supporting them in their growth journey and for generations to come,” Sadd added.

Now Canada's fourth-largest commercial brokerage, Navacord continues to grow, thanks to organic growth and its partnerships with “high-performing, entrepreneurial brokers” – most recently, with Group Lockhart, PGI Financial, and Maritime Group Benefits.