Ontario, Canada (CU)_ Navacord, one of the top commercial insurance brokerages in Canada, has entered into a new agreement with Lyon & Butler Insurance Brokers Ltd. Lyon & Butler is a multigenerational insurance agency located in Vaughan, Ontario that specializes in commercial insurance with a focus on construction, commercial real estate, transportation, and retail industries.
According to Ray Arndt, Lyon & Butler’s president, the cooperation with Navacord is like a fresh chapter for the agency, which has a dedicated clientele throughout the Greater Toronto Area with deep roots that date back to the late 1800s. Arndt expressed confidence in the new plan. He stated, “It will allow us to amplify the assets we’ve worked tirelessly to cultivate within our business—our dedicated, talented team and our robust relationships with markets and clients—while evolving and setting the stage for the next generation of leadership”.
Shawn DeSantis, president and CEO of Navacord, expressed hopes for the collaboration. He said, “Lyon & Butler’s niche approach and deep roots within the regions they serve align well with our areas of expertise. We look for strong entrepreneurs and strong collaborators—Lyon & Butler are both, and they bring an exciting history and vision that we know we can support and grow as part of Navacord.”
After the agreement, which is Navacord’s seventh in the past four months, Lyon & Butler will collaborate with and be assisted by Paisley Partners Inc., a fellow Navacord Broker Partner, and Corey and Megan Arndt will manage day-to-day company operations. Navacord claimed that exchanging expertise between two similar businesses fosters collaboration and entrepreneurship while also allowing Lyon & Butler to retain its unique local identity.
Ewen Cameron, president & CEO of Paisley Partners, expressed hopes for the new policy. He said, “Our brokerages are very similar in our history, our principles and our value proposition. I look forward to supporting their legacy and mentoring the next generation as they continue to bring customized and exceptional risk management solutions to clients.”
