On December 1, 2025, Acera Holdings Ltd. (“AHL”), the parent corporation of Acera Insurance Services Ltd. (“AIS”), entered into a definitive arrangement agreement with, among others, Navacord Corp. (“Navacord”) and Jones DesLauriers Insurance Management Inc. The transaction was completed on February 2, 2026 by way of plan of arrangement under Section 193 of the Business Corporations Act (Alberta) and was subject to achieving regulatory, court and shareholder approvals.
The combined entities form one of Canada’s largest privately held insurance, employee benefits and wealth advisory firms.
AIS and Navacord, two industry-leading Canadian insurance brokers, represent a combined strength of C$7.2 billion in insurance and employee benefits premium, C$7.5 billion in retirement assets under management, 5,000-plus insurance and financial services professionals, and more than 150 locations nationwide.
Fasken acted as counsel to AIS and AHL, with a team that included Andrew Burt, Justine Connors, Jason Giborski, Tiffany Bennett, Lori Bokenfohr, Jessica Cameron, Michael Coburn, Tony Di Domenico, Josh Ezekiel (Articling Student), Sarah Gingrich, Shyla Halseth, Samuel Kalmakoff, Mariah Kozyra (Articling Student), Teresa Li, Carter Lindsay, Carmen Loh, Musa Mansuar, Chris Margison, Aman Marwaha, Sabiha Meghji (Articling Student), Gabrielle Motuz, Ellen Muir (Articling Student), Alara Once (Articling Student), Olivia Pietras, Maddie Pugh, Christopher Ross, Christopher Steeves, Brittany Vanword, Matthew Wilkins, Anny Yoo, Jack Yu, and Kareen Zimmer.
Jurisdiction
- Alberta
