Navacord has partnered with Navis Marine Insurance Brokers, marking the group’s ninth partnership so far this year.
Navis, established in 2011 to address a gap in British Columbia’s marine insurance market, has evolved into a national marine broker headquartered in Vancouver.
As a Lloyd’s coverholder, Navis has a strong presence in the London Market, offering specialized insurance solutions for commercial vessel owners, recreational boaters, marina operators, manufacturers, dealers, repairers, cargo transporters, and both personal and commercial lines.
“Navacord’s reputation for service excellence and their desire to grow in the niche sector of marine insurance made them a perfect fit as our partner,” Navis president and chief executive Paul Mendham noted.
“This collaboration provides us not only a ‘safe harbour’ where we can refine our expertise, but also opens doors to new opportunities for amplified market presence and expansion.”
The partnership bolsters Navacord’s commitment to enhancing its specialty proposition while broadening its reach in British Columbia.
“The addition of Navis to the Navacord group underscores our strategic focus on expanding our specialty lines, and we are pleased to expand our capabilities in the marine sector,” Navacord executive chairman T. Marshall Sadd (pictured) highlighted.
“They bring a demonstrated track record of delivering innovative solutions with unique products that we look forward to distributing across Canada.”
Earlier this month, Navacord announced its acquisition of travel insurance broker SécuriGlobe assurance voyage, which broadened the group’s footprint in Quebec while doubling the size of its travel insurance book.
“As Navacord continues to broaden our reach across different niches and regions, the addition of SécuriGlobe positions us well for further geographic expansion and product diversification,” Navacord president and chief executive Shawn DeSantis said at the time.
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