Navacord buys SeaFirst

Merger

Canadian brokerage Navacord has acquired the British Colombia-based SeaFirst Insurance Brokers

The takeover came into effect on 1 April, and will allow Navacord to ‘deepen’ its presence in western Canada, while expanding its offerings to SeaFirst’s clients.

SeaFirst is based in the village of Brentwood Bay, with additional offices in the towns of Oak Bay, Saanichton, Sidney, Salt Spring Island and Westshore. The company offers a range of personal and casualty (P&C) insurance, including travel, home, auto, business, farm, strata and marine protection.

The company also serves as one of the largest coverholders of Lloyds of London in Canada, according to Navacord.

Insurance and financial product comparison platform HelloSafe recently announced a partnership with Canadian travel insurance specialist soNomad.