Navacord Selects CAFO as its Primary Premium Finance Provider
November 14, 2016
Navacord Inc., one of the largest privately owned commercial brokers in Canada, has selected CAFO as its primary premium finance provider to offer their clients the best in premium finance solutions.
“We are excited to enter into this arrangement with CAFO to provide our clients with the best combination of rates and service in the industry” said Shawn DeSantis, President & CEO at Navacord.
The program offered by CAFO will allow Navacord brokers to enhance their overall insurance product by offering premium finance solutions that allow their clients to maximize their cash flow while taking advantage of very competitive rates and plans.
Bill Chapman, Vice President National Sales Manager for CAFO noted that “Creating this relationship with Navacord makes sense for all involved. CAFO’s longevity of over 60 years’ experience coupled with its leading share in the Canadian premium finance industry allows the Navacord brokers to focus on finding the best insurance solutions for their clients and an ease for which they can pay their insurance premiums, making it a win-win for all.”
Navacord was established in 2014 through the combination of Jones DesLauriers Insurance Management Inc. (JDIMI) and Lloyd Sadd Insurance Brokers. In 2015, Petrela, Winter and Associates, Iridium Risk Services and Integrated Planning & Solutions (now JDIMI Consulting) joined the Navacord group. Navacord’s business model enables partners to remain majority broker owned, while focusing on organic growth, profitability, and internal perpetuation. For more information go to navacord.com.
CAFO is Canada’s leading premium finance provider. Operating for over 60 years, brokerages across North America have come to depend on CAFO in Canada and AFCO in the United States, for unparalleled expertise and products that enable clients to maximize cash flow when paying their insurance premiums and allowing brokers to minimize receivables and enhance their product offering. CAFO is part of BB&T (NYSE: BBT), one of the largest financial services holding companies in the United States with $222.6 billion in assets and market capitalization of $30.6 billion, as of Sept. 30, 2016. For more information, visit cafo.com.