Cornerstone Insurance Brokers Ltd. purchases Pottruff & Smith Insurance Brokers Inc

Mississauga & Woodbridge ON 19 August 2009 — Wendy DaSilva, President of Cornerstone Insurance Brokers Ltd. and Gary Pottruff, CEO of Pottruff & Smith Insurance Brokers Inc., are pleased to announce that Cornerstone Insurance Brokers has acquired the Property and Casualty, Life and Group Benefits brokerage business of Pottruff & Smith Insurance Brokers Inc.

Both Cornerstone and Pottruff & Smith are very excited about this opportunity as the fit is exceptional. “We share many goals and achievements � providing the best coverage at the best rates to our clients whether groups or retail, upholding a superlative standard for staff and client satisfaction and innovation to meet unique client requirements,” commented Gary Pottruff.

This transaction – which closed July 31, 2009 – will create a dynamic team with the systems, expertise and size that will allow Cornerstone and Pottruff & Smith to meet and exceed aggressive plans for continued profitable growth both organically and through acquisition.
“With this acquisition, we are well positioned to serve our clients with a broader array of professional insurance services. This further strengthens our existing operations and provides the critical mass needed to move the organization to the next level,” said Wendy DaSilva.

About Cornerstone

Re-established in 2007, Cornerstone has grown dramatically by focusing on exceptional customer service and striving for operational excellence. Cornerstone Insurance Brokers is a full service independent brokerage headquartered in Mississauga, Ontario. The company provides a full range of competitive products for businesses and individuals including speciality motorcycle insurance coverage.

About Pottruff & Smith

Founded in 1974, Pottruff & Smith Insurance Brokers Inc. has become one of the largest and most reputable multi-line insurance brokerages in Canada, serving thousands of clients in all insurance categories – individuals, corporations, organizations, and provincial and national professional associations. Pottruff & Smith is located in Woodbridge, Ontario.