Navacord becomes sole Canadian affiliate of global broking business

Navacord, one of Canada’s largest commercial brokers, has joined global broking business Brokerslink as its latest affiliate in the North American region.

Navacord trades under 15 different broker partner brands across Canada. Its unique ownership model is designed to support the entrepreneurial spirit of its partners while allowing the brokerages to maintain their own independence and identities.

“Navacord has doubled in size over a four-year period and our desire is to more than double again by 2022,” Navacord president and CEO Shawn DeSantis said. “We knew that becoming Brokerslink’s only Canadian affiliate would allow us to serve the needs of our clients even better and help us to achieve our goals.”

Brokerslink AG is a wholly independent business Incorporated in Switzerland. It provides its independent partners (shareholders in the company) and affiliates (businesses which have the option to become shareholders) with risk management and insurance expertise, international market connections, and consulting services.

“Shared equity among and between Brokerslink partners creates a unity of purpose and vision which does not compromise the independence or local focus of each partner firm,” as the business explains on its website.

Brokerslink currently has 55 independent shareholders in 40 countries on five continents. Its network of independent brokers and risk consultancies includes about 18,000 professionals in more than 100 countries.

“Navacord has built an excellent reputation for delivering in-depth expertise and a forward-thinking approach to risk transfer for their clients,” Brokerslink chairman José Manuel Fonseca commented in a statement. “These capabilities, together with the scale and scope of these services across Canada are important to our global partners and affiliates. I’m delighted to welcome them to Brokerslink.”

David Gambrill