Steadfast Group Limited (ASX:SDF) has bought a stake in one of the largest networks of general insurance brokers in the world, unisonBrokers.
Australia’s largest insurance brokering network, inked the agreement to buy a non-controlling stake in the firm to grow both of the company’s global distribution networks.
unisonBrokers has 200 brokers across 130 countries and with a gross underwritten premium of US$17 billion.
As part of the agreement, unison will be renamed ‘unisonsteadfast’.
Steadfast’s MD and CEO, Robert Kelly and the COO, Samantha Hollam, will join unisonsteadfast’s Supervisory Board.
Shares in Steadfast Group Limited (ASX:SDF) last traded 0.72 per cent lower to $2.75.