CIVC Partners-backed SIB Corp. has expanded its partner network in Ontario through a partnership with All-Risks Insurance Brokers Limited. All-Risks, a well-established insurance brokerage with 74 locations and a GWP of $325 million, will continue to be managed by Paul and Kim Lemmon. This partnership enhances SIB’s market presence and service offerings, reinforcing its strategy of providing comprehensive solutions for entrepreneurial insurance professionals. The deal is notable for its unique 100% buy-out option, 50/50 partnership model, and affiliate brokerage structure, setting a new precedent in the Canadian insurance industry. This is SIB’s sixth deal in 2024, reflecting its active pursuit of growth through acquisitions and partnerships.

Insurance, Private Equity,Canada

SIB’s Investment in All-Risks Insurance Brokers forms partnership that is precedent setting in Canada