Insurance coverage and consulting providers supplier StoneRidge Insurance coverage Brokers (SIB) has teamed up with K5 Insurance coverage to strengthen its private and business insurance coverage footprint in Canada.
The partnership expands SIB’s attain in Manitoba and into Saskatchewan.
K5 is engaged in offering a collection of private and business choices. It’s stated to supply clients info and merchandise required to make knowledgeable selections at ‘aggressive’ costs.
The insurance coverage brokerage, which has three places throughout Manitoba and Saskatchewan, has been serving shoppers within the prairies since 1967.
K5 president Mike Klassen stated: “We’re excited to be part of the StoneRidge household – this new starting for K5 will present us entry to extra markets, merchandise and sources.
“We imagine being a part of StoneRidge will permit us to fulfill our clients’ wants and provide aggressive premiums to attain the correct answer.”
K5 marks SIB’s twelfth funding because the latter’s collaboration with personal fairness agency CIVC Companions in November 2019.
SIB CEO and president Ted Puccini stated: “We’re extraordinarily fortunate to have Mike and K5 as a part of the SIB household.
“This transaction demonstrates our continued deal with changing into a nationwide dealer. SIB has accomplished three transactions to this point in 2022, with one other three transactions anticipated to shut within the subsequent 60 days.”
In April this yr, SIB expanded private and business insurance coverage portfolio with the acquisition of Generations Insurance coverage, which is a founder owned and operated insurance coverage brokerage servicing Ontario.
Generations gives a variety of private and business choices.
SIB supplies companies, associations and people with a full suite of insurance coverage, danger advisory, life and advantages providers.