Navacord Partners with Medi-Quote Insurance Brokers

Navacord Acquires RWAM Insurance Administrators and Programmed Insurance Brokers

May 24, 2023

Insurance

Navacord Corp., a Madison Dearborn Partners–backed Canadian insurance brokerage platform, announced the strategic acquisition of RWAM Insurance Administrators Inc. and Programmed Insurance Brokers Inc. The additions expand Navacord's third-party administration (TPA), group benefits and insurance brokerage capabilities and strengthen its national reach across Canada.

Navacord Corp Merges With Acera Insurance Services (Clairvest exits)

February 2, 2026

Insurance

Navacord Corp. completed its previously announced merger with Acera Insurance Services Ltd., formally closing on February 2, 2026. Clairvest Group Inc. (and Clairvest Equity Partners VI) fully exited its investment in Acera as part of the transaction, receiving gross proceeds of approximately C$407 million (80% cash and 20% in a promissory note payable over 24 months).

Trucordia Acquires Insurance Business of Boater's Insurance Agency

February 18, 2025

Insurance

Trucordia has acquired the insurance business of Boater's Insurance Agency, a San Francisco Bay Area firm founded in 1989 that specializes in marine insurance and is licensed in 50 states. The deal strengthens Trucordia's capabilities in the marine insurance vertical as part of its broader growth strategy to expand specialized offerings across its national brokerage platform.

MyPlanAdvocate Acquires Eversurance from EverQuote

August 1, 2023

Insurance

MyPlanAdvocate (an AdirVentures portfolio company) has acquired Eversurance (formerly Crosspointe), a subsidiary of EverQuote, enabling MPA to expand into the under-65 health insurance market. The transaction transfers Eversurance's consumer-facing insurance brokerage capabilities and staff to MPA and supports growth beyond MPA's Medicare-focused business.

Hilb Group Acquires Health Quote, Inc.

July 27, 2021

Insurance

Hilb Group acquired Rhode Island-based Health Quote, Inc., effective July 1, 2021, to expand its Medicare business. The acquisition brings Health Quote’s Medicare-focused clientele into Hilb Group’s growing Medicare practice and strengthens the buyer’s senior/Medicare capabilities.

National Medical Billing Services Acquires Medi-Corp, Inc.

May 17, 2022

Healthcare Services

National Medical Billing Services, a surgery-focused revenue cycle management (RCM) company backed by Aquiline Capital Partners, has acquired Medi-Corp, Inc., a Cranford, New Jersey-based RCM provider specializing in anesthesia, ASCs, and pain management. The add-on expands National Medical's anesthesia billing capabilities and marks the firm's third transaction since its January 2021 partnership with Aquiline.