Lloyd Sadd Insurance Brokers and Iridium Risk Services have merged, forming a full-service brokerage in western Canada.
The combined entity is said to be “one of the largest” full-service brokerages in the region.
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Lloyd Sadd is a founding Navacord partner and Iridium has been a partner since 2015.
The combined business will provide a range of services including insurance, benefits and pension, life and wealth management, and private client solutions.
This merger is expected to broaden the expertise and service options available to clients across various sectors.
A new division, Lloyd Sadd Specialty, will be established under the Iridium brand to concentrate on delivering specialised services to risk-managed clients.
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By GlobalDataLeadership roles within the new organisation will be held by executives from both Iridium and Lloyd Sadd.
Andy Barker of Iridium will take on the role of vice-president, Lloyd Sadd Specialty.
Berto Di Manno, previously the president and CEO of Iridium, will become the executive chairman, while Chris Huebner will retain his position as president and CEO of the merged entity.
Huebner stated: “We believe by joining forces with Iridium, we can further elevate our ability to meet and exceed the growing expectations and complexity of our clients while supporting communities and local businesses across Alberta and western Canada. This partnership aligns with our commitment to providing innovative solutions and superior client service.”
Manno said: “Our success has been predicated on the trust of our clients as a result of the strong technical advice and service delivery that has always been our top priority. That remains unchanged as we join forces with Lloyd Sadd. This partnership opens new horizons for growth and innovation, and we are committed to ensuring our clients benefit from our expanded strength, enhanced technical expertise and combined team.”
Earlier in 2023, Toole Peet Insurance, a Canada-based insurance brokerage, also merged its operations with Lloyd Sadd Insurance Brokers.
