Canada’s Riverview Insurance Solutions Merges with Sterling Capital Brokers

May 11, 2021
Riverview Insurance Solutions (RIS), the Alberta, Canada-based middle-market benefit consulting firm, announced it will merge with Sterling Capital Brokers (SCB).
The combined company will create the largest independent employee-owned benefit consulting firm in Canada, said SCB in a statement.
Founded in 2015 by Derrick Peterson, RIS oversees benefit consulting for more than 200 high growth clients in Alberta. Headquartered in Red Deer, Alberta, RIS works with clients in both Edmonton and Calgary. The team has combined consulting experience of more than 80 years in the areas of benefit plan reviews, plan management, retirement account planning, market analysis, member communication and corporate insurance planning.

SCB was founded in 2014 and is headquartered in Toronto, Ontario. SCB is Canada’s largest independent benefit consulting firm that specializes in servicing high-growth small-to-medium size businesses. SCB offers its clients comprehensive benefit consulting and customized plan management technology services which provides rapid and bespoke solutions to its client base.

“Sterling’s geographical breadth and technology combined with RIS’ consulting expertise and servicing protocols will drive tremendous value for RIS’ existing client base,” said Peterson, president of RIS.

“Sterling has been leading with technology since inception; we have always known that true innovation in the insurance landscape was going to come from independent insurance brokers,” commented SCB Co-Founder Stefan Ionescu.

“The combination of the leading independent Ontario benefits adviser with the leading Alberta benefits brokerage is a great outcome for the two firms and their clients,” Ionescu added.

“With the addition of a presence in Western Canada, following our merger with Luedey Consultants Inc. in Atlantic Canada, we are excited to establish a national presence and to continue to lead the way as a tech-enabled service provider to more than a thousand clients across Canada,” he said.

Source: Sterling Capital Brokers

Topics Agencies Canada

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