Sports Underwriting Australia has joined Miramar Group as Miramar Sports, sitting within the group’s Specialty division.
The agency covers sporting clubs, groups and associations, sport and leisure-related businesses, and licensed clubs — all underwritten by Pacific International Insurance.
Miramar Group launched on 1 April 2026, consolidating seven Steadfast underwriting agencies with a combined GWP of more than $200 million in FY25.
The move broadens Miramar’s Specialty division, which focuses on niche and under-served risks where standard market capacity is limited.
Miramar Group has folded Sports Underwriting Australia into its Specialty division, rebranding the agency as Miramar Sports in what marks the group’s first significant expansion since its formation less than two months ago. The addition extends Miramar’s reach into sport, leisure, and licensed club risks — a segment that has historically sat at the edges of mainstream underwriting appetite.
Sports Underwriting Australia has operated as a specialist in the sector for years, arranging tailored packages for sporting clubs, groups and associations, leisure businesses, and licensed clubs. Its products — underwritten by Pacific International Insurance — include coverage designed specifically around the liability, property, and operational exposures common to community sport and hospitality settings. The agency had an existing relationship with Steadfast, which held a minority shareholding prior to the Miramar integration.
The acquisition comes only weeks after Miramar Group formally launched on 1 April 2026, uniting seven of Steadfast’s commercial underwriting agencies — Interruption Underwriting Agencies, Miramar, Quanta, PI Direct, Pint Underwriting, Platinum Placement Solutions, and Procover — under a single structure. The combined group placed more than $200 million in gross written premium in FY25 and is led by CEO Stephen Ward.
The group is organised across three verticals: Miramar Commercial, covering property and casualty risks; Miramar Financial Lines, covering professional indemnity and management liability; and Miramar Specialty, which is explicitly designed to serve niche segments where broker access has traditionally been difficult or capacity thin. Sports and leisure is precisely the kind of segment Specialty was built for — one with distinct risk profiles, bespoke wording requirements, and limited off-the-shelf alternatives in the standard market.
For brokers, the practical implication is a single-group access point for clients that combine mainstream commercial risks with harder-to-place exposures — a community football club that needs both a business package and liquor liability, for instance, or a leisure precinct with both property and public liability requirements. Miramar Group’s structure is built around the proposition that brokers should be able to transact across multiple lines without needing to go to separate agencies or navigate competing systems.
The Sports Underwriting addition fits within a broader pattern at Steadfast. As Insurance Business Australia has reported, Steadfast Underwriting Agencies CEO Mark Senkevics has pointed to niche and under-served segments as areas of growing broker opportunity — particularly where access, coverage fit, and available line size matter more than premium competition alone. The Miramar Group consolidation was itself designed to sharpen Steadfast’s specialty distribution rather than simply aggregate premium volume.
Steadfast Underwriting Agencies as a whole generated $1.2 billion in gross written premium in the first half of FY26, across more than 30 agencies in Australia and New Zealand. The Miramar structure, now expanding into sports and leisure, represents one of the more deliberate attempts within that network to present a coherent multi-line solution to brokers rather than a collection of separate agency relationships.
For brokers with community, recreational, or sporting clients — a sector that spans everything from grassroots club liability through to licensed venue risk — the Miramar Sports addition means that coverage can now be secured through a group that also holds capacity across the core commercial and financial lines programmes those same clients often carry alongside their sporting activities.
