SIB Corp acquires British Columbia-based broker

It is the company's first brokerage deal in the province

SIB Corp acquires British Columbia-based broker

Mergers & Acquisitions

By Josh Recamara

SIB Corp. has acquired Driven Island Agencies Ltd., a Nanaimo, British Columbia-based insurance brokerage, marking its first brokerage acquisition in the province and extending its national expansion strategy into Western Canada.

Driven Island Agencies, a former InsureLine franchise office, was founded and is led by Amie Law and Danielle Hanney. The brokerage has built a presence on Vancouver Island, serving personal and commercial insurance clients and establishing itself as a locally focused independent brokerage with strong community ties and an emphasis on client service.

The transaction adds British Columbia to SIB’s growing geographic footprint following a period of accelerated acquisition activity. The company completed 10 brokerage acquisitions across Canada in 2025 as part of a broader effort to scale its national platform while maintaining local operations. As with SIB’s previous transactions, Driven Island Agencies will continue to operate under its existing brand and leadership, with Law and Hanney remaining responsible for day-to-day operations.

Law said joining SIB represents the next stage in the brokerage’s development, allowing the business to invest further in its team while preserving its existing culture. Hanney said the brokerage is confident SIB is the right partner to support its next phase of growth following its expansion on Vancouver Island.

Under the transaction, Driven Island Agencies will gain access to SIB’s national platform, including broader insurer relationships, technology capabilities, and operational support. These resources have become increasingly important for independent brokerages as insurers continue to prioritise data quality, operational efficiency, and scale in their distribution partnerships.

For SIB, the acquisition provides a strategic entry point into British Columbia, a market that has drawn growing interest from national broker consolidators. The province represents one of Canada’s largest and most diverse insurance markets, with a significant concentration of personal and commercial risks. Ongoing consolidation among independent brokerages has made the region a key focus for firms pursuing long-term geographic diversification and growth.

SIB president Ted Puccini said the acquisition represents a milestone for the company and provides a foothold in British Columbia, adding that Law and Hanney have built a brokerage whose values and approach align with SIB’s broader strategy and growth objectives.

The transaction reflects wider consolidation trends across Canada’s insurance brokerage sector, where independent firms continue to evaluate partnerships with national platforms as they respond to rising regulatory complexity, increasing technology investment requirements, and changing insurer expectations. Many acquisitions have followed a model that allows brokerages to retain their brands and local leadership while benefiting from shared services and enhanced market access.

Financial terms of the transaction were not disclosed. Driven Island Agencies will continue to operate from its Nanaimo location under its existing name, with no immediate changes announced to staffing, management structure, or client relationships following the acquisition.

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