About Us

 
 

Who we are

Steadfast Group is the largest general insurance broker network and the largest group of underwriting agencies in Australasia, with growing operations in Asia and Europe.

Steadfast Group has three business units primarily focused on the intermediated general insurance market. By working together, our three business units empower Steadfast to serve our main goal – ensuring our brokers provide their clients with exceptional service and superior products.

 
 
 

What we do

We offer scale and capability. Agility and quality.

Steadfast network brokers receive superior market access, exclusive products and services backed by the strength and scale of Steadfast Group. Our success rests on our ability to help brokers build strong and trusting relationships with their clients.

We offer innovative products, services and support to general insurance brokers and underwriting agencies to give them a competitive edge in an ever-changing market. We support their business and allow them to focus on their clients’ insurance and risk management needs.

We combine Steadfast’s global tools, reach and expertise with agile local management, unique proprietary offerings and deep market knowledge.

 
 

What sets us apart

Scale and strength. Global as well as local.

Our people, our global strength, our local knowledge, our scale and our breadth of capability are just some of the things that set us apart.

We have a range of innovative products and services that are exclusive to the Group and considered market leading, and we support our brokers and underwriting agency businesses by allowing them to focus on their clients’ insurance and risk management needs.

Our broker network model is unique as it offers brokers the ability to remain independently owned and operated, or choose for Steadfast to take an equity stake in their business. We operate by the ‘offer and acceptance’ model, where products and services we provide aren’t compulsory, but the broker network choose what is best for their business and their clients.

Insurers and underwriting agencies align with Steadfast Group because of our hugely attractive insurance distribution channel and our reputation for being professional and progressive.

 

Our Story

 
 

A focus on quality advice and service

In April 1996, Steadfast opened its doors with 43 brokerages and an ambition to provide independent general insurance brokers with enhanced buying power and scale when dealing with suppliers.

Today, the Group is the largest general insurance broker network and the largest group of underwriting agencies in Australasia, with growing operations in Asia and Europe.

Here are some of the key events that have shaped our evolution.

  • 1996

    Pre Initial Public Offering

    1996

    43

    Steadfast Network brokerages

  • 2005

    2005

    Establishment of Miramar Underwriting Agency with a 50% ownership position

  • 2013

    Initial Public Offering

    2013

    ASX listed

    at an IPO price of $1.15 per share, and purchased equity interests in 59 brokerages, three agencies and two complementary business.

    $3.9b

    Network brokerages GWP


    278

    Network brokerages

    $114m

    Underwriting Agencies GWP


    5

    Underwriting Agencies

  • 2014

    2014

    • Acquired the second largest broker network in New Zealand which was renamed Steadfast New Zealand

    • Launched retail product offerings through Steadfast Direct

    Established Steadfast Re
    (50% owned joint venture)

  • 2015

    2015

    • Purchased eight Calliden underwriting agencies

    • Raised $300m in equity to fund acquisitions, primarily the CHU and UAA agencies

    • Became the largest underwriting agency group in Australia

    Reached an ASX market capitalisation of

    $1b+

  • 2016

    2016

    Launched the Steadfast Client Trading Platform

    Launched the Steadfast Underwriting Agencies London super binder

    Reached an ASX market capitalisation of

    $1.5b+

  • 2017

    2017

    $5.0b

    Network brokerages GWP


    361

    Network brokerages


    $86m

    Steadfast Direct GWP

    ASX market capitalisation of

    $2.0b+


    • Launched Steadfast Network in Singapore

    • Acquired equity stake in unisonBrokers and renamed unisonSteadfast

    $777m

    Underwriting Agencies GWP


    24

    Underwriting Agencies

  • 2018

    2018

    $5.6b

    Network brokerages GWP


    377

    Network brokerages


    $231m

    Steadfast Client Trading Platform GWP

    ASX market capitalisation of

    $2.3b+


    • 6 business lines and 14 insurer and underwriting agency partners live on Steadfast Client Trading Platform

    $914m

    Underwriting Agencies GWP


    25

    Underwriting Agencies

Learn about Steadfast

About the Steadfast Group

 
 

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