Risk & Business Magazine Lloyd Sadd Insurance Brokers Fall 2015 | Page 26

What’s Happening at
Lloyd Sadd Calgary?

I

t has been a busy
summer in Calgary,
as we continue to build
our Calgary practice
along with helping our
clients battle the current
economic environment
in Alberta with the
radical drop in the oil
price. We understand the
pressure on our clients in
this market and we are
actively taking measures
to protect our clients
bottom lines such as
mid-term adjustments,
coverage modification
for parked units and rate
reductions. At the same
time, we are making sure
safety and risk management standards are not lost in the mix as
companies adjust for the current conditions.
This summer Richard Collins joined our firm, to head up our
surety/bonding operations in Calgary. Richard has over 15 years’
experience working in the surety sector for both large local
brokerage and international brokerage firms.
We have always had a successful surety practice in our Edmonton
office, one of the largest in Western Canada. With growing
Calgary, it was an easy decision to add surety expertise to our
office. It will enable us to have local surety service for our existing
clients in the Lloyd Sadd Group, plus it will give us the critical
resources to build our construction practice.
In addition to growing our local office, we have had exciting
additions this summer to our Navacord Group. Locally with
Idirum Risk Services and with Global Trade Credit joining
Navacord. Idirum is a well known leader in Calgary for the risk
management/insurance in the energy industry, specifically
E&P companies; and Global Trade Credit specializes in credit
insurance to protect companies’ financial risk at home or abroad.
It also frees up working capital to help them growth their
businesses.  Lloyd Sadd Calgary will be working closely with
Idirum and Global Trade Credit for the benefit of our clients;
leveraging their expertise and unique product(s) & services.
We appreciate all the support from our clients as well as our
insurance companies  which we refer to as our partners.

Paul Constance
President, Lloyd Sadd Calgary

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RISK & BUSINESS MAGAZINETM FALL 2015