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Just 24-hours after announcing its “momentous achievement” of reaching $1 billion in premium, Navacord Corp. is at it again. The commercial insurance brokerage has today announced the addition of Saskatchewan-based Hoffmann Kool Insurance and Life Line Insurance to its ever-growing family.
Both businesses – Hoffmann Kool and Life Line – joined Navacord on October 01, 2019. With offices in Saskatoon, they have both served the business, personal and life insurance needs of Saskatchewan communities for over 30 years. As part of Navacord, Hoffman Kool and Life Line will remain under the management of their current leadership teams.
“We’re tremendously excited about the opportunity to join Navacord,” said Darryn Knibbs, president and CEO of Hoffmann Kool and Life Line Insurance. “Our desire was to remain an independent business but have the benefits of being part of a bigger, national broker. This is exactly what we are achieving by joining Navacord.”
Shawn DeSantis, president and CEO of Navacord, commented: “Navacord is excited to be expanding in Saskatchewan as we focus on building the business in the province. Hoffman Kool and Life Line strategically expand our geographic footprint and increase our expertise in the province. We look forward to working with the Hoffman Kool and Life Line teams.”
This is the eleventh partnership Navacord has announced so far in 2019, and the second Broker Partner announcement in one week, following the addition of Vancouver Island-based Waypoint Insurance Services.
“We have tripled our business in five short years,” said T. Marshall Sadd, executive chairman of Navacord. “We’re pleased at how our business model resonates with brokers and consider 2019 to be a banner year.”
