ANCASTER, ON — SIB Corp., operating as StoneRidge Insurance Brokers (“SIB”), a leading independent provider of insurance and consulting services, whose platforms include an insurance brokerage, MGA/MGU, group benefits and an adjusting firm, has acquired Safeway Insurance and Financial Services Inc. (“Safeway”), expanding its personal and commercial insurance presence in the Greater Toronto Area.
Safeway founded in 1966, specializes in providing the consumer with a large selection of property casualty insurance products along with a variety of financial products such as life insurance and investment options. Safeway has been providing exceptional service and professional advice to customers in North York, Richmond Hill, Markham, Mississauga, and the Greater Toronto region.
“We are excited to be a part of the SIB family – this new beginning for Safeway will provide us access to additional markets, products and resources. We believe being part of SIB will allow us to meet our customers’ needs and offer competitive premiums to achieve the right solution,” said Phil Moonie, President of Safeway.
“We are extremely excited to partner with Phil and have Safeway as part of the SIB family. SIB has completed seven transactions so far in 2022, with another three transactions expected to close by the end of the year” said Ted Puccini, SIB’s CEO and President.
SIB continues to actively seek additional partnership and acquisition opportunities and is committed to growing organically and through investments across Canada.
For more information on SIB’s partnership and investment approach, please visit www.stoneridgeinsurance.ca/partnerplatform.