Reinsurance News
Steadfast Group
Steadfast’s underlying revenue rises 14.6% to $1bn in H1’26
2nd March 2026
Steadfast Group, an Australian insurance broker, has reported underlying revenue of $1 billion in H1’26, up 14.6% compared to the same period a year earlier. In H1’26, the Group delivered strong underlying EBITA growth of 12.6% to $293.6 million, driven by subsidiary performance improvement initiatives, solid contributions from acquisitions, and disciplined ... Read the full article
Steadfast Group continues expansion US MGA Novum
4th September 2025
Steadfast Group, an Australian insurance broker, has announced the acquisition of a majority stake in Novum Underwriting Partners LLC, an US-based specialty managing general agency (MGA) and wholesale brokerage. Established in Ohio in 2019, the business is underpinned by a proprietary technology platform, Novum Online, to offer a suite of services. This ... Read the full article
Noelene Palmer to succeed Nigel Fitzgerald as Steadfast COO
31st March 2025
Australian insurance broking and distribution group Steadfast has promoted Noelene Palmer to Chief Operating Officer (COO), as current COO Nigel Fitzgerald announces that he will step down on July 1st, 2025, to pursue a personal business venture. Fitzgerald will remain in a senior advisory role until September 30th, 2025, to ensure ... Read the full article
Steadfast rebrands London wholesale business H.W. Wood to HWS Specialty
24th March 2025
Australian insurance broking and distribution group Steadfast has rebranded the recently acquired, London-domiciled specialist wholesale business, H.W. Wood to HWS Specialty. Founded in 1982, H.W. Wood has been a Lloyd’s broker since 2003, operating in France and Greece. It has a strong presence in wholesale, retail, and reinsurance solutions, serving clients ... Read the full article
Steadfast expands London market capabilities with acquisition of H.W. Wood & HWI France
8th November 2024
Australian insurance broking and distribution group Steadfast has acquired H.W. Wood Limited and HWI France to expand its London market capabilities for a purchase price of £23.5 million. The acquisition will be funded from Steadfast’s existing corporate debt facilities and free cashflow Forecast to be EPS accretive from the date of ... Read the full article
Steadfast to expand London office due to increasing demand for placing business into Lloyd’s
4th November 2024
Steadfast Group, the parent company to a range of broking and underwriting operations, including reinsurance broker Steadfast Re, has announced plans to expand its London office as the company is seeing increasing demand for placing business into the specialist Lloyd's market. At the same time, the organisation has also got off ... Read the full article
Steadfast reports strong FY 2024 with $252.2m net profit & 22.7% EBITA growth
29th August 2024
Australian insurance broking and distribution group Steadfast has revealed net profit after tax for the FY 2024 of $252.2 million, up 21.8% from 2023, while the firm's underlying EBITA grew 22.7% to $528.5 million. According to Steadfast, the EBITA increase in FY 2024 was driven by organic growth of 12.5%, fueled ... Read the full article
Steadfast posts 21.4% surge in 1H24 EBITA year-on-year
27th February 2024
Steadfast Group, a leading Australian insurance brokerage network, announced a 21.4% increase in unaudited underlying Earnings Before Interest, Taxes, and Amortization (EBITA) for 1H24 compared to the same period last year. The underlying EBITA was $229 million in 1H24, driven by organic growth of 13.4% from the continued uplift in premiums ... Read the full article
Steadfast posts 22.4% surge in Q1 of FY24 EBITA year-on-year
2nd November 2023
Steadfast Group, a leading Australian insurance brokerage network, announced a 22.4% increase in unaudited underlying Earnings Before Interest, Taxes, and Amortization (EBITA) for the first quarter of FY24 compared to the same period last year. The company's Founder and CEO, Robert Kelly, shared the remarkable performance of the organization during the ... Read the full article
Steadfast enters US insurance market with acquisition of ISU Group
9th October 2023
Steadfast Group has completed an agreement to acquire 100% of ISU Group, a privately owned independent insurance agency network in the US, for $55 million. The acquisition, which signals Steadfast's entry into the US market, will be funded from Steadfast’s existing corporate debt facilities and free cash flow, and is expected ... Read the full article
Steadfast posts 24.1% increase in underlying revenue in FY23
17th August 2023
Steadfast Group, the parent company to a range of broking and underwriting operations, including broker Steadfast Re, has reported an underlying revenue of $1.41 billion in FY23, representing growth of 24.1%. The growth in revenue was driven by hardening market and solid volume growth more than mitigated expected cost increases flagged ... Read the full article
Steadfast sees big increase in underlying revenue in 1H23
22nd February 2023
Steadfast Group, the parent company to a range of broking and underwriting operations, including broker Steadfast Re, has reported an underlying revenue of AUS $662.8 million in 1H23, representing growth of more than 27%. The firm’s statutory net profit after tax for 1H23 was $84.7 million, compared with $104.9 million in ... Read the full article
Steadfast Group appoints Nigel Fitzgerald as COO
16th December 2022
Steadfast Group, the largest general insurance broking network and underwriting agency group in Australasia, has announced the appointment of Nigel Fitzgerald as Chief Operating Officer. Fitzgerald, who is currently the CEO of AIG Australia, will commence his role with Steadfast Group in the second quarter of 2023 and will be based ... Read the full article
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