StoneRidge Insurance Brokers (SIB) – a full-service insurance broker and managing general agent (MGA) – has entered into a partnership arrangement with Barber, Stewart, McVittie & Wallace Insurance Brokers (BSMW).
Founded in 1880, BSMW has offices in Kingston and Markham, ON. The company has a history of offering quality service and innovative insurance products for businesses, group associations, and individuals.
Under the partnership, the newest StoneRidge retail offices will continue to be led by BSMW president and CEO Gerrit Zwaal.
"Becoming part of the StoneRidge family will provide us with access to additional markets, products and resources as we continue to deliver exceptional levels of service and risk management to our clients," commented Zwaal on the partnership.
"We're excited to partner with Gerrit and the rest of the BSMW team" said SIB president and CEO Ted Puccini. "The partnership with BSMW further strengthens our position in greater Toronto and establishes a presence in the Markham area."
StoneRidge has stated that BSMW is its fifth investment since it partnered with US-based private equity firm CIVC Partners, LP in November 2019. The MGA also revealed in a release that it had signed six letters of intent to partner with six other brokerages – the partnerships are expected to close over the coming months. The additional partnerships will further expand StoneRidge’s presence in Ontario.