Navacord buys Ontario-based Benemax Financial Group

Navacord buys Ontario-based Benemax Financial Group | Insurance Business

Navacord buys Ontario-based Benemax Financial Group

Navacord Corp, one of Canada’s largest commercial insurance brokerages, has today announced its acquisition of Benemax Financial Group Inc., a group benefits and retirement consulting firm based in Richmond Hill, Ontario.

Benemax has provided small and medium-sized firms with professional guidance in the management of employee, executive and shareholder benefits programs since the firm’s inception in 1989. The company has clients spanning media, healthcare and manufacturing, all the way through to government agencies.

“Our clients rely on our high level of service and advice, and the additional products and services we can access through JDIMI Consulting and Navacord will allow us to further deepen these relationships while expanding our offering to new clients,” commented Mark Goldasic, president of Benemax Financial.

Effective March 11, 2020, Benemax has joined JDIMI Consulting, Navacord’s largest broker partner dedicated to group benefits and retirement consulting. JDIMI Consulting’s diverse product and sector offerings include employee benefits, pension and group retirement, and financial planning products and services.

“Mark and his team share Navacord’s approach and philosophy of service excellence,” said Shawn DeSantis, Navacord president and CEO. “As we continue our expansion into the employee benefits and pension market in Canada, we’re actively seeking broker partners that combine technical knowledge and industry insight to craft the best group benefits and retirement solutions for our clients.”