Navacord passes the $1 billion premium threshold with new Broker Partner

Navacord’s local touch expands by 18 offices in B.C. with Waypoint Insurance, the largest, independently owned brokerage on Vancouver Island

Toronto, ON (Oct. 2, 2019) – Navacord Corp., a leading insurance and risk management brokerage, surpasses the $1 billion premium threshold with the addition of Vancouver Island-based Waypoint Insurance Services, effective October 1st.

Waypoint has been serving their local communities for over 100 years with fifteen offices on Vancouver Island, two in North Vancouver and one in Surrey. Waypoint is owned and operated by employee shareholders and is one of the largest independent insurance brokerages in British Columbia. Waypoint will remain under the leadership of CEO, Tony Hayes, and the current management team.

This announcement marks Navacord’s ninth partnership in 2019 and the sixth in Western Canada. “Surpassing $1 billion in premium is a momentous achievement for Navacord,” said T. Marshall Sadd, Executive Chairman of Navacord. “Our vision to build the great Canadian brokerage started in 2014 and we are realizing this vision with outstanding Broker Partners like Waypoint.”

“This is a good step for us and our future,” said Tony Hayes, CEO of Waypoint Insurance. “We are excited to be part of a national organization with broad industry expertise. Navacord is a partner that will allow us to provide a better experience to our clients and help us continue our growth in the marketplace.”

Navacord now includes seventeen Broker Partners and MGAs across Canada and manages $1 billion in premiums with over 900 insurance professionals. Waypoint Insurance Services is the second Broker Partner in British Columbia and brings a robust personal lines platform upon which Navacord plans to build.

“We are excited about the partnership with Tony and his colleagues. Waypoint is a forward thinking company that has doubled their revenue in five years,” said Shawn DeSantis, President and CEO of Navacord. “Their people, expertise and product offerings position us well for future expansion in the province as it significantly expands our footprint in British Columbia.”

About Navacord

Headquartered in Toronto, Navacord’s group of companies include Broker Partners across Canada and Specialty Managing General Agents. Offering risk management and consulting solutions, Navacord is committed to the success of their clients and delivering expert advice in an increasingly complex world. Broker Partners deliver local, personalized service to their clients while being supported by the additional expertise, resources and efficiencies of a national brokerage. Navacord is the preferred partner for entrepreneurial insurance brokerages seeking to collaborate and grow while maintaining their unique identity and culture. For more information, please visit navacord.com.

About Waypoint Insurance

Waypoint Insurance Services is owned and operated by employee shareholders and is one of the largest independent insurance brokerages in British Columbia. Waypoint has over 100 years of operational history and was previously known as Vancouver Island Insurance Centres before undergoing a name change and rebrand with the opening of their North Vancouver locations in 2016.

Waypoint is a member of each community they serve with over 208 staff at 18 locations. Committed to providing insurance that is as unique as every one of their clients and customized for their life and all its possibilities, Waypoint and all of their team are here to empower people to make the most of unseen possibilities.

SOURCE: Navacord

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