Company: Steadfast Group Page 1 / 1
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- November 7 2024
Steadfast expands into London market with US$30m Lloyd’s broker HW Wood buy
The acquisition, which is expected to be completed on December 2, gives the Australian group full ownership of the target, including its operations in France and Greece.
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- November 4 2024
Steadfast on track to complete US$200m in acquisitions in FY 2025
In its annual general meeting, the Australian broking group addressed allegations of opacity in its strata operations and leadership succession.
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- September 10 2024
Steadfast refutes ABC’s allegations of kickbacks, misleading customers
The Australian broker said that it is "disappointed that important information has been selectively presented” in a recent media report about its practices in strata insurance.
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- September 9 2024
ACCC chair calls for strata commission ban as media report alleges Steadfast misled clients via opaque schemes
The broker's shares on the ASX entered a trading halt pending it releasing an announcement following the allegations by ABC in its investigative report.
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- August 29 2024
Steadfast FY 2024 net profit climbs 22% on acquisition growth
Underlying net profit rose to US$171.3m, as new business acquisitions and equity investments contributed 55% of the broking group's operating profit growth.
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- July 2 2024
Steadfast Group expands Australasian networks, broker and insurer services team
Kasun Jayaratne has been promoted to a newly created role of general manager of Australasian networks, broker, risk & insurer services, while Bronwyn Brownlee joins as risk services national client service manager.
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- June 24 2024
Steadfast promotes Nick Cook and hires Swiss Re veteran Mark Senkevics
The senior management rejig at the Australian broker gives Cook a broader role across Australasian networks, broker and insurer services, as it brings in Senkevics to oversee MGAs, reinsurance and life. It also names new heads of operations and IT.
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- June 14 2024
Steadfast-backed Heavy Motor Insurance hires Alan Morgans as national distribution manager
Morgans joins the specialist underwriting agency for heavy motor insurance from GT Insurance.
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- May 28 2024
NM Insurance hires Andrew McFetridge as head of New Zealand operations
McFetridge will focus on growing the company’s local team and expanding distribution networks focusing on marine and motorcycle insurance.
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- March 8 2024
Rothbury Group acquires Steadfast-owned Kiwi broker Austinsure
The Auckland-based aviation and PI specialist’s seven-member team will join the New Zealand insurance broking group on March 15.
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- February 28 2024
Steadfast H1 revenue grows 19% to US$517m
The Australian broking and underwriting group is on target to complete AU$183m of trapped capital acquisitions in FY 2024.
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- November 16 2023
Steadfast buys 70% stake in Australian MGA Sure
The acquisition will include a US$96.3m upfront cash payment and potential earn-out payments through FY 2025.
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- October 6 2023
Steadfast expands into the US with US$55m broker agency buy
The Australian broker has bought the ISU Group, which has 239 independent members across 43 US states controlling more than US$6.5bn in premiums.
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- September 20 2023
Steadfast’s Insurance Brands adds Peacock Insurance to its fold
The New South Wales-based brokerage specialises in heavy transport, earthmoving insurance and marine and logistics coverage.
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- September 14 2023
Steadfast acquires Riskcom and its subsidiary to expand risk management capabilities
Riskcom and BRM will retain their brands and continue to operate as standalone businesses.
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- July 25 2023
Insurance Brands Australia acquires Melbourne Insurance Brokers
MIB, sold by Mark Perree, will start operating under Steadfast-owned Insurance House brand name.
