Navacord and Acera Insurance to Merge, Forming Major Canadian Brokerage
Navacord Corp. and Acera Insurance Services Ltd. announced a merger to combine their operations, creating a brokerage with over 5,000 sales personnel across more than 150 locations. The combined entity will manage $7.2 billion in retail and group benefits insurance premiums and $7.5 billion in retirement assets. This strategic merger aims to enhance resilience and expand capabilities in the Canadian insurance brokerage market, with the deal expected to close by the end of the first quarter.