Navacord announces first Manitoba broker partner

Navacord announces first Manitoba broker partner | Insurance Business Canada

Navacord announces first Manitoba broker partner

Hot on the heels of its biggest deal in 2022, Navacord, one of Canada's top four commercial insurance brokerages, has announced its first-ever broker partner in Manitoba – ONYX Financial Group (ONYX).

Winnipeg-headquartered ONYX was founded in 1997 and has become one of the “go-to” brokerages for businesses in Manitoba and NW Ontario, delivering customized insurance solutions, as well as employee benefits and wealth management advice, via trusted relationships with business owners and their families.

The deal marks a significant step for Navacord as it enters a new region. T. Marshall Sadd, executive chairman of Navacord, commented: “We are excited to partner with ONYX, not only because of [its] presence in Manitoba and NW Ontario but also because [its] story demonstrates a trailblazing nature that truly aligns with Navacord's entrepreneurial spirit and values.”

Shawn DeSantis, president and CEO of Navacord, added: “ONYX presents an ambitious growth story of which [it] should be extremely proud. [Its] spirit attracted our attention, and we are ecstatic to commemorate our first Manitoba partnership with such an exemplary local firm.”

ONYX's leadership group is confident that the partnership will accelerate growth and that Navacord will serve as an anchor for the company while it continues to build in Manitoba, NW Ontario, and beyond with the support of Navacord's national resources.

“Navacord was our partner of choice because [it demonstrates] common values, [understands] our history, and [shares] our vision for the future,” said ONYX partners David Holm, Martin Hulme, Chris Chornick, and Jeff Caligiuri.