SIB’s investment in All-Risks Insurance Brokers forms partnership that is precedent setting in Canada
ANCASTER, ON, JUNE 25, 2024/insPRESS/ – SIB Corp., is excited to announce that it has expanded its Partner Network and business offerings in Ontario through a partnership with All-Risks Insurance Brokers Limited (“All-Risks”).
Based in Windsor, Ontario, with 74 locations across the province and GWP of $325M, All-Risks is a full-service insurance brokerage offering property, casualty, life, health and investment products, and has been doing so for 70 years since being established in 1954. “Since the beginning, All-Risks has offered its customers superior service at competitive prices. We are excited to now be affiliated with the SIB network. This new partnership will allow us to maintain our focus on providing the highest level of customer service, as well as enable us to provide service from a greater range of markets and to provide complete solutions for all our broker partners” said Paul Lemmon, President of All-Risks. Following the investment, All-Risks will continue to be led by Paul and Kim Lemmon along with their current management team. Paul and Kim will also continue as shareholders of All-Risks. In addition, SIB is excited to welcome over 70 affiliate brokerage partners to the network. SIB and All-Risks will continue to build and develop new affiliate brokerages in Ontario and across the country while offering additional opportunities to their current partners.
“Entering into a partnership with All-Risks presented a great opportunity for SIB to expand our offerings and to ensure we have a solution for all entrepreneurs. With All-Risks, SIB was attracted to their entrepreneurial culture, their ability to attract top talent and their capacity to continue growing the network. All-Risks has established a strong reputation as an insurance leader within the communities in which they operate, and we look forward to the opportunity to work together to continue building on their immense success to date. We are very excited to welcome everyone at All-Risks into the SIB family” said Ted Puccini, SIB’s CEO and President.
SIB started its business with the core belief that if you put the needs and goals of the sales professional first then good business will follow. 20 years later, this belief is still central to how SIB does business.
No other insurance brokerage business in Canada can offer a 100% buy-out option, a true 50/50 partnership model and an established and proven affiliate brokerage model all under one roof. SIB wants to be the home for and to have a viable option for every entrepreneurial insurance sales professional in Canada. SIB and All-Risks are actively searching for experienced insurance partners that share in the vision of providing clients with exceptional service, and who want to open an affiliate office under a recognized brand with integrated multi-product business offerings available to them.
About SIB
SIB is a best-in-class insurance brokerage and with this partnership, SIB now operates out of over 140 offices across Canada. With over $1 billion in GWP, SIB’s continued growth and expansion has allowed the company to provide the communities and businesses it serves with expertise in personal, commercial, and benefits insurance solutions.
This is SIB’s 6th deal of 2024 (4th acquisition, and partnerships with 2 joint venture brokerage offices). SIB is actively seeking additional acquisition, partnership and affiliate brokerage opportunities in Canada.
For more information on SIB’s partnership and investment approach, please visit www.stoneridgeinsurance.ca/partnerplatform or call Mitch Grossman at (416) 816-8515.
