Navacord partners Toole Peet and Lloyd Sadd announce merger

Navacord partners Toole Peet and Lloyd Sadd announce merger | Insurance Business Canada

Insurance News

Navacord partners Toole Peet and Lloyd Sadd announce merger

Move aims to establish an insurance powerhouse in Alberta

Insurance News

By
Mika Pangilinan

Alberta-based brokerage Toole Peet has announced it will be merging with Lloyd Sadd as both companies look to provide enhanced insurance solutions to clients in the region.

As the oldest brokerage in the province, Toole Peet is known for delivering “comprehensive and customized” insurance and risk management solutions to its clients. By merging with Lloyd Sadd, the company said it aims to augment its capabilities and expand its presence in the insurance market.

Like Toole Peet, Lloyd Sadd is a broker partner of Navacord. It is headquartered in Edmonton, Alberta and serves clients across Canada.

“We believe that by joining forces with Lloyd Sadd, we can further elevate our ability to meet and exceed client expectations,” said Colin Toole, president of Toole Peet. “This partnership aligns with our commitment to providing innovative solutions and superior client service.”

“We are excited to welcome Toole Peet to the Lloyd Sadd family,” added Chris Huebner, Lloyd Sadd CEO. “Together, we will bring the best of both organizations to deliver enhanced solutions and unrivaled expertise to our clients.”

A press release assured Toole Peet clients that their insurance policies and coverage will remain intact, with no disruptions to their service or support. Additionally, the same account teams and service personnel will continue to offer their expertise.

The release noted that both companies will work closely to integrate operations, leverage shared resources, and ensure seamless service delivery to their clients.

“This partnership represents a significant milestone in the Alberta insurance market, and both companies are eager to embark on this new chapter together,” the release stated.

News of the merger comes a month after Lloyd Sadd partnered with Casey Insurance, another Alberta-based brokerage. Announcing the partnership, Lloyd Sadd said it is looking to continue “ascending” its growth trajectory in the coming years.

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