Navacord completes its biggest deal of 2022

Giant welcomes long-standing provincial broker

Navacord completes its biggest deal of 2022

Insurance News

By Roxanne Libatique

Navacord, one of Canada's top four commercial insurance brokerages, has completed its biggest partnership announcement of 2022, welcoming Insurance Store into its fold. 

Founded in 1945, Insurance Store is a personal and commercial lines brokerage based in Windsor, Ontario, with offices in Barrie, Collingwood, Chatham, and Woodstock, Ontario. The partnership, effective August 1, will see Navacord work closely with Insurance Store to expand its product and service offering while maintaining its position in the insurance industry.

“We can see that Insurance Store is poised for growth, and that excites us,” said Shawn DeSantis, president and CEO of Navacord. “Their entrepreneurial spirit and belief in their brand, practice, and community resonate with our vision of providing local touch service with national strength.”

Jamie Mingay, president of Insurance Store, commented: “It's a great time to lead the Insurance Store team. Navacord understands what it is to be a broker and has the resources and capacity to help us build. I look forward to the entire team collaborating across Navacord – it's great synergy.”

With five locations in Ontario, Insurance Store is considered Navacord's most substantial partnership this year. The deal follows the brokerage's 15th partnership and 10th acquisition of the year.

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