Morningstar | Steadfast Proposes Strategic Relationship with IBNA, Boosting Broker Numbers
Steadfast Group is the largest general insurance broker network in Australia and New Zealand. The company is a consolidator via equity interests in insurance broker businesses, and also co-owns and consolidates underwriting agencies and ancillary businesses. Steadfast provides attractive upside as a result of its market position, long industry history, deep customer relationships, proven acquisition strategy, and organic growth opportunities. We expect an extended period of measured growth via acquisitions. Despite a successful acquisition track record, the strategy increases risk, particularly in paying for assets and integrating acquired businesses. We are confident that the disciplined approach will continue, with most acquisitions to come from within the broker network or from long-term partners. Improving operational efficiency and integrating acquisitions are key areas of focus.Steadfast Group is engaged in the provision of services to Steadfast Network Brokers, the distribution of insurance policies via insurance brokerages and underwriting agencies, and related services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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