StoneRidge Insurance Brokers (SIB) has entered a partnership deal with the full-service insurance brokerage Knight Archer Insurance.
Knight Archer has 17 offices across three provinces: Saskatchewan, Manitoba, and Alberta. The brokerage is led by president and CEO Tracy Archer, who has over 20 years of insurance industry experience. Archer was also recognized by Insurance Business Canada as one of the top 45 Elite Women in 2020.
Read more: Tracy Archer, Knight Archer Insurance
“This investment in Knight Archer is a significant step in growing our national presence across Canada,” said SIB president and CEO Ted Puccini. “Knight Archer is a leading independent insurance brokerage and a highly regarded brand with an established presence in three western provinces. Tracy Archer and her team, immediately become an integral part of our platform and a catalyst for further growth in western Canada.”
Following the deal, Tracy Archer will continue to serve as president and CEO of Knight Archer Insurance; she will also take on additional responsibilities as president of SIB’s Western Canadian operations. In that role, she will oversee operations and partnership initiatives as SIB pursues its growth strategy, a company release said.
“Partnering with SIB creates significant growth opportunity for Knight Archer,” commented Archer. “Not only will we gain access to more products, markets and resources, we are partnering with an organization that shares the same focus on serving customers with excellence while pursuing rapid, value-generating growth. Further, the SIB partnership provided our family with a solution to succession, while offering us the ability to continue operating the business in a true partnership.”
Last month, SIB entered a similar partnership deal with K5 Insurance, a full-service insurance brokerage serving Manitoba and Saskatchewan through its three offices. The brokerage offers a range of personal and commercial offerings, including home, personal auto, travel & health, business, and farm insurance products.
