StoneRidge acquires Ontario brokerage

StoneRidge Insurance Brokers (SIB) continues its expansion into Ontario with the acquisition of Jim Kelly Insurance Brokers Ltd.

Based in Pickering, Ont., Jim Kelly Insurance is a family-run, full-service brokerage providing insurance to customers across the Greater Toronto Area. It offers home, auto, commercial, and life and personal insurance, as well as investment products.

“For more than 40 years, Jim Kelly Insurance has been committed to providing trusted advice, personalized service, and competitive pricing to our clients,” says Brian Kelly, president of Jim Kelly Insurances. “Joining SIB allows us to build on that legacy — offering access to a broader range of markets and enhanced commercial capabilities, while continuing to deliver the high-touch service our clients expect.

“We’re proud to join a growing national brokerage that shares our values and client-first philosophy.”

Ted Puccini, SIB’s CEO and president, says the deal “presented a great opportunity for SIB to continue growing in Ontario and as a national insurance broker.”

This is SIB’s first transaction in 2025, with two additional deals expected to close within the next 90 days, Puccini adds. “SIB is actively seeking additional acquisition, partnership and affiliate brokerage opportunities in Canada.”

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Ancaster, Ont.-based SIB Corp. partnered with All-Risks Insurance Brokers Limited last June. Founded in 1945, All-Risks has 74 locations across Ontario, with more than $325 million in GWP.

“Entering into a partnership with All-Risks presented a great opportunity for SIB to expand our offerings and to ensure we have a solution for all entrepreneurs,” Puccini said at the time. “With All-Risks, SIB was attracted their entrepreneurial culture, their ability to attract top talent and their capacity to continue growing the network.”

SIB made several other deals last year, including partnerships with:

• Donbar Agency Limited o/a Crossroads Insurance
• Astro Insurance
• Seymour Fair Insurance Brokers Inc.
• Accelerated Insurance & Risk Management Services and its managing partner, Robert (Bob) Potts.

With the latest partnership involving Jim Kelly Insurance, SIB now operates out of more than 140 offices across Canada, with more than $1 billion in GWP. It provides communities and businesses with expertise in personal, commercial and benefit insurance solutions.

Jason Contant

Jason has been an award-winning journalist with Canadian Underwriter for more than a decade, including the past three years as associate editor and, before that, as digital editor for seven years.