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Iridium Risk Services Joins Navacord

Navacord Inc. is pleased to announce the continued expansion of its partnership of Canadian, entrepreneurial insurance brokers. Iridium Risk Services, an established brokerage located in Alberta and focused exclusively on the Canadian and international energy sector, will join Navacord effective June 30, 2015.

With a focus on increasing its nationwide offerings through its regional brands, the Navacord leadership team is interested in forming equity partnerships with best-in-class brokers and helping them grow at a faster pace. “Iridium’s corporate culture and industry specialization are well aligned with the guiding principles that drive our national strategy,” said T. Marshall Sadd, Executive Chairman at Navacord. “The team’s highly skilled, innovative risk consultants will add value for all our broker partners and help us increase our footprint in the energy sector in North America.”

“We are excited to be part of this larger partnership and with the role our team will play in setting the direction for the insurance brokerage community with Navacord,” said Roger Swierstra, a founding partner at Iridium Risk Services. “We see tremendous value in being able to share best practices, expertise and resources with like-minded brokers across Canada who are driven toward a common goal.”

Valerie Cusano will transition from President to Senior Client Advisor and will be a specialist resource to Iridium and Navacord. She will be handing over the leadership of the company to Roger Swierstra, who will assume the role of President at Iridium. Cusano will continue her role as a Director and shareholder of Iridium.

While there will be no changes to the operational structure of the business, the team will now benefit from a wealth of expertise, innovation, enhanced buying power, talent development and administrative support, while maintaining their regional focus and brand. The company will continue to operate as Iridium Risk Services.

With this new partnership, Navacord is now one of the top 5 largest commercial insurance brokerages in Canada. The company’s broker partners generated over half a billion in premium volume last year and have more than 400 insurance professionals on staff.

“We are very pleased with the interest and support we have experienced across Canada and in particular the Alberta marketplace,” said Shawn DeSantis, President & CEO at Navacord. “With two highly esteemed broker partners now in Alberta, we are well positioned in both the Calgary and Edmonton marketplace. The addition of Iridium makes Navacord one of the largest commercial brokers in Alberta. We welcome Iridium to our growing partnership of brokers and look forward to announcing additional partners across Canada in the coming months.”


About Iridium

Iridium Risk Services is Canada’s first and only independent risk management advisory and insurance brokerage firm focused exclusively on the energy and marine sectors. The company’s founders and leadership team have over a hundred years of combined experience in the field of risk management. Iridium’s creative approach to managing risk and their unique service model makes them innovators in their industry.


About Navacord

Navacord Inc. is a Canadian company to benefit the independent insurance brokerage community. Created with the mandate to build the best performing brokerage in the country and set the direction for the broker distribution channel, Navacord is one of the top 5 largest commercial brokers in Canada. The company’s four current broker partners manage over half a billion in premium volume and have more than 400 insurance professionals on staff. Navacord’s business model enables new broker partners to remain owners, while focusing on organic growth, producing healthy profits and internal perpetuation.


Partnership Inquiries

Shawn DeSantis, President & CEO



T. Marshall Sadd, Executive Chairman



Media Inquiries

Michelle Saraceno, Marketing & Communications