Steadfast picks up stake in unisonBrokers in major international deal

Steadfast picks up stake in unisonBrokers in major international deal | Insurance Business

Steadfast picks up stake in unisonBrokers in major international deal
Steadfast has announced that it has agreed a deal with one of the biggest broker networks in the world.

The firm has revealed that it has acquired a non-controlling stake in Hamburg, Germany, and Chicago-based unisonBrokers, which has a presence of 200 brokers across 130 countries and US$17 billion in gross written premium.

Unison will now be re-named unisonsteadfast. Robert Kelly, managing director and CEO of Steadfast, and Samantha Hollman, chief operating officer of the firm, will join the unisonsteadfast supervisory board.

Former managing director of Munich Re Australia, Heinrich Eder, will also join the supervisory board.

“We are excited about the chance to extend our broker network’s global reach and provide potential new opportunities for both parties,” Kelly said of the deal.

Steadfast’s current operations in London, Australia, New Zealand and Asia will continue unchanged following the deal, as Steadfast Group will join the unisonsteadfast network and facilitate access to international markets for brokers that are part of the network.

Wolfgang Mercier, CEO of unison, said that the deal will enhance the offering of the firm globally.

“unisonsteadfast will allow our brokers to benefit from Steadfast’s experience and success in providing products and services to support the network and facilitate access to new markets.”


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