TORONTO — Navacord Corp. has partnered with three additional benefits brokers, Group Lockhart Inc. and PGI Financial in Ontario, as well as Maritime Group Benefits (MGB) in New Brunswick.
With more than 60 years of combined benefits experience, Group Lockhart Inc. and PGI Financial specialize in the hospitality and auto-dealership sectors, as well as small- to mid-sized corporate accounts.
According to James Lockhart, president, Group Lockhart, “Navacord sought out a strategic partnership with Group Lockhart as a Hospitality sector market leader in providing Group Life and Health & Retirement services. I will continue in my role as president of Group Lockhart and have become an equity partner in a much larger firm lead by 40 broker/partners of Navacord across Canada. Our business has recently become much bigger in scope, size and market strength.”
This strategic partnership introduces the dynamics of Navacord Broker Partner Jones DesLauriers, who in partnership with Canadian insurance companies, have developed an exclusive commercial insurance solution for the Hospitality sector. The Select Hospitality Owners Program (“SHOP”) provides liquor liability and property insurance coverages, plus offers new to market policyholder benefits in support of Canadian Owner/Operators as they make their successful return.
“On our P&C side, Navacord Corp. has incredible depth and experience within the hospitality and auto-dealership sectors in Canada,” says T. Marshall Sadd, Executive Chairman at Navacord Corp. “The expertise and relationships that both PGI Financial and Group Lockhart Inc. bring with them are a powerful complement that also allow us to provide a vital service to recovering sectors of our economy that are demanding expert advice as they navigate a changing environment for their employees and customers.”
MGB, on the other hand, offers an innovative approach to benefit and retirement-plan design.
“MGB has built a strong reputation and business that reinforces the power and importance of local-touch service in Canada’s distinct regional markets,” says Shawn DeSantis, president and CEO of Navacord Corp. “We’re excited to support MGB’s continued growth of talent, expertise and business, while collaborating and exploring the synergies that exist for our clients as we deepen our reach within Atlantic Canada.”