CoreService Insurance Brokers Inc
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CoreService Insurance Brokers Inc - overview
Established
2010
Location
North York, ON, Canada
Primary Industry
Insurance
About
CoreService Insurance Brokers Inc, based in Canada, operates as an insurance brokerage firm offering a diverse range of insurance solutions tailored for individual and business clients, ensuring comprehensive coverage and support. Founded in 2010 in North York, Canada, CoreService Insurance Brokers Inc specializes in providing insurance brokerage services. The company has completed the most recent transaction occurring on December 1, 2025, when it was acquired by StoneRidge Insurance Brokers, a portfolio company of CIVC Partners. CoreService Insurance Brokers Inc.
primarily operates as an insurance brokerage firm, delivering a range of insurance products tailored for individual and business clients. Their core offerings include auto insurance, property insurance, business insurance, travel insurance, life insurance, mortgage products, registered retirement savings plans (RRSPs), and group benefit plans. These products are designed to address various client needs, such as vehicle protection, home security, business liability, and personal savings for retirement. CoreService Insurance caters to a diverse clientele, including individuals, families, and small to medium-sized enterprises across multiple geographic markets in Canada, notably Ontario and its surrounding provinces.
The company emphasizes a commitment to customer service, aiming to provide comprehensive insurance solutions that simplify the decision-making process for clients seeking coverage. CoreService Insurance generates revenue primarily through commissions earned from the sale of insurance products and services. Transactions between the firm and its clients typically occur in a B2C (business-to-consumer) model, where individuals or businesses engage the company to obtain tailored insurance coverage. For instance, a customer seeking auto insurance may go through a consultation process to assess their specific needs, after which they would receive a personalized quote.
The pricing structure may vary based on factors such as the product type and client risk assessments, enabling clients to select coverage options that align with their budget and requirements. The company’s revenue is largely driven by its flagship products, including auto and life insurance, which play a significant role in their overall service portfolio. Following its acquisition by StoneRidge Insurance Brokers on December 1, 2025, CoreService Insurance Brokers Inc. aims to enhance its business development initiatives.
This strategic move is expected to bolster its capabilities in delivering comprehensive insurance solutions and expand its market reach.
Current Investors
StoneRidge Insurance Brokers
Primary Industry
Insurance
Sub Industries
Personal Insurance, Life Insurance, Insurance Intermediaries, Health Insurance, Commercial Insurance
Website
www.csinsurance.ca
Company Stage
Add-on
Total Amount Raised
Subscriber access only
CoreService Insurance Brokers Inc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | CoreService Insurance Brokers Inc | - |
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