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Steadfast Group is the largest general insurance broker network and the largest group of insurance 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.
The Steadfast Network has 53 general insurance brokerages in New Zealand who receive superior market access, exclusive products and services, backed by the size and scale of the Steadfast Group.
Brokers in the Network have access to over 160 products and services which support their business and allow them to focus on their clients' insurance and risk management needs. Key benefits to being a Steadfast Network broker include improved policy wordings, broker services, exclusive access to Steadfast’s technology and triage support for challenging claims.
Insurer partners have access to over $11.5 billion of gross written premium from the small-to-medium enterprise market through the Steadfast Network.
Steadfast Underwriting Agencies is the largest insurance underwriting agency group in Australasia with 29 agencies and 100 products. It designs, develops and provides specialised insurance products and services to brokers inside, and outside the Steadfast brokerage network.
Each of the 29 Steadfast Underwriting Agencies preserves its brand and unique offering. Explore the Steadfast Underwriting Agency website.
Steadfast Network brokers and Steadfast Underwriting Agencies benefit from the support of nine complementary businesses which are also part of the Steadfast Group. They include:
Providing leading edge technology to our network
Providing back office services to our network
Providing risk service solutions to our network
Providing workplace risk solutions to our network
Specialising in reinsurance, wholesale insurance and analytics
Specialising in providing life insurance
Premium funding solutions to help brokers and their clients make the right choices in protecting their assets
A legal firm specialising in insurance matters
Providing compliance, training, customer experience and HR management services to our network
In June 2017, Steadfast Group acquired a stake in unisonBrokers to increase our global presence and expand our international business placements. unisonBrokers was renamed UnisonSteadfast and is one of the largest global network of general insurance brokers with over 243 brokers globally across 140 countries and more than US$40 billion of gross written premium generated across the network.
You can view the UnisonSteadfast website here.
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 insurance 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 insurance 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 insurance underwriting agencies align with Steadfast Group because of our hugely attractive insurance distribution channel and our reputation for being professional and progressive.
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.
Pre Initial Public Offering
1996
43
Steadfast Network brokerages
Pre Initial Public Offering
2005
Establishment of Miramar Underwriting Agency with a 50% ownership position
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
Post Initial Public Offering
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)
Post Initial Public Offering
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+
Post Initial Public Offering
2016
Launched the Steadfast Client Trading Platform
Launched the Steadfast Underwriting Agencies London super binder
Reached an ASX market capitalisation of
$1.5b+
Post Initial Public Offering
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
$5.3b
Network brokerages GWP
377
Network brokerages
$231m
Steadfast Client Trading Platform GWP
ASX market capitalisation of
$2.3b+
6 business lines and 13 insurer and underwriting agency partners live on Steadfast Client Trading Platform
$914m
Underwriting Agencies GWP
25
Underwriting Agencies
2019
$6.1b
Network brokerages GWP
480
Network brokerages
$440m
Steadfast Client Trading Platform GWP
ASX market capitalisation of
$2.8b+
6 business lines and 13 insurer and underwriting agency partners live on Steadfast Client Trading Platform
$1.17b
Underwriting Agencies GWP
26
Underwriting Agencies
(As at 30 June 2020)
2020
$8.3b
Network brokerages GWP
458
Network brokerages
$638m
Steadfast Client Trading Platform GWP
ASX market capitalisation of
$2.9b+
9 business lines and 14 insurer and underwriting agency partners live on Steadfast Client Trading Platform
$1.3b
Underwriting Agencies GWP
25
Underwriting Agencies
(As at 30 June 2021)
2021
$10.5b
Network brokerages GWP
457
Network brokerages
$903m
Steadfast Client Trading Platform GWP
ASX market capitalisation of
$4.6b+
9 business lines and 17 insurer and underwriting agency partners live on Steadfast Client Trading Platform
$1.6b
Underwriting Agencies GWP
24
Underwriting Agencies
(As at 31 December 2022)
2022
$11.5b
Network brokerages GWP
417
Network brokerages
$1.0b
Steadfast Client Trading Platform GWP
ASX market capitalisation of
$5.8b
9 business lines and 16 insurer and underwriting agency partners live on Steadfast Client Trading Platform
$1.9b
Underwriting Agencies GWP
29
Underwriting Agencies
Learn about Steadfast
Steadfast Investor Centre
Access all our ASX announcements, results and share registry information.
Become a Steadfast Broker
Join the largest network of general insurance brokers in Australasia for the strength of the Steadfast Group.
