Navacord Corp has acquired Komoka, Ontario-based C&C Insurance Group and Edmonton, Alberta-based Vanta Benefits, both group benefit and retirement brokerages. No financial terms were disclosed. Toronto-based Navacord, a commercial insurance brokerage and risk management services provider, is backed by Madison Dearborn Partners.
TORONTO, September 8, 2021 – Navacord Corp., one of Canada’s top commercial insurance brokerages and a leader in risk management services, is pleased to announce the addition of two new group benefit and retirement brokerages—C&C Insurance Group out of Southwestern (Komoka), ON, and Vanta Benefits based in Edmonton, AB.
Both C&C Insurance Group and Vanta Benefits are recognized as innovators within the industry. C&C boasts the only fully integrated and seamless Group Health and Wellness program that meets the complex needs for post-secondary institutions’ domestic and international student populations. And, with proprietary real-time benefits data and analytics segmented by business, Vanta enables their clients to be proactive versus reactive with strategic plan designs that create long-term sustainability.
“The growth, innovation, and niche specialization that Vanta Benefits and C&C display epitomize the entrepreneurial mindset that drives us at Navacord,” says Shawn DeSantis, President and CEO, Navacord. “They are experts in their fields, and they are ready to bring their unique programs and services to an even bigger market—and we are ready and excited to support that journey.”
This series of partnerships deepen Navacord’s coast-to-coast benefits offering and demonstrate their commitment to attracting unique, best-in-class brokerages and consulting firms that align with their vision, provide expert advice and outstanding local-touch service.
“Both businesses are using technology to deliver, differentiate, and enhance the client experience,” says T. Marshall Sadd, Executive Chairman of Navacord. “We see tremendous value in what they each can share with fellow Navacord Broker Partners across Canada, and what Navacord can help them bring to their clients as they continue to grow.”
Vanta Benefits was previously part of Vanta Group. The life insurance and wealth advisory business within Vanta Group remains independently owned and operated and is not included within the Navacord partnership.
Navacord has completed 11 formal new partnerships this year—with more expected as they progress towards $3 billion in premium. Having more than quadrupled their benefits business over the last 18 months, it remains a strategic growth area for Navacord as they continue their mission of Building the Great Canadian Brokerage.™
Waypoint Insurance, a Navacord Broker Partner, also recently closed its acquisition of FX Insurance—their third transaction in 2021.
Founded in 2014 and headquartered in Toronto, Ontario, Navacord is one of Canada’s top four commercial insurance brokerages and a leader in risk management services with more than $2.5 billion in premiums. From commercial and personal insurance to surety, employee benefits, and retirement consulting, Navacord leverages national strength and a wealth of resources with the local-touch service of industry-specialized Navacord Broker Partners to deliver the trusted advice, expertise and custom insurance solutions our clients need to face the future with confidence.
With a unique ownership model and value proposition, Navacord is the preferred partner for entrepreneurial insurance brokerages seeking to grow as a part of something bigger, while maintaining their distinct identity and culture.