StoneRidge Insurance Brokers (SIB) continues to grow its Ontario base with its first acquisition of the year.
In a news release, the brokerage/MGA said it has swooped for Seymour Fair Insurance Brokers as part of a move to expand its Southern Ontario footprint.
Seymour Fair Insurance is a full-service brokerage that has been operating since 2008. It is located in St. Catharines, Ontario, delivering a wide range of services, including personal automobile insurance, personal homeowners, builders risk, commercial property insurance, commercial automobile insurance, and liability insurance.
David Fair, principal broker and owner of the business shared his enthusiasm about joining the SIB network in a statement. He will continue to lead Seymour Fair Insurance following the acquisition.
“We have been providing superior coverage to our clients for over 20 years,” said Fair. “We are thrilled to be joining SIB now. As part of the SIB network, we can continue to provide our customers with the same superior service and expand on our offerings in commercial lines.”
“We are very excited to welcome Seymour Fair Insurance and David Fair to the SIB family,” Ted Puccini, president and CEO of SIB said. “This acquisition further strengthens our position in Southern Ontario.”
SIB’s acquisition of Seymour Fair Insurance is its first for 2024. According to Puccini, three more transactions are expected to conclude within the coming months.
Last week, SIB announced that it partnered with former NFP Canada VP Robert Potts to launch a joint venture targeting the transportation sector.
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