Broker network Steadfast has reported a 13.6% rise in statutory net profit to $75.9 million for the year to June 30, powered by organic growth and contributions from acquisitions. Underlying revenue surged 15.5% to $582.5 million and earnings before interest, tax and amortisation (EBITA) grew by the same margin to $165.6 million. Acquisition growth increased […]
One of the drawbacks to owning a growing business is having more at stake. An expanding business is likely to be having dealings with an ever-increasing number of individuals, getting involved in a wider range of commercial activities, even expanding into new locations. A growing business usually requires a growing workforce. With more equipment and […]
The insurance industry and technology are no strangers to each other. And yet the industry has not been considered a leader when it comes to the application of technology. That is until now. The emergence of InsurTech as an agent of change has reshaped the strategic agenda. The Digital Insurer takes a look at some […]
Steadfast has announced a record first half in terms of gross written premium (GWP) placed by its network of brokers. The firm announced that its brokers had placed $2.6bn worth of GWP in the first half up 8 per cent as underlying net profit after tax also rose by 8.4 per cent to $32.4m. Robert […]
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On March 10 of this year, news broke that Niran Peiris, managing director of Allianz Australia, has been appointed to the board of management of the global Allianz Group, effective from 1 January 2018. It was announced that Peiris, who has been with Allianz Australia for 16 years, will assume responsibility for the property and […]