Main Australasian dealer community expands into US insurance coverage market

Steadfast Group (Steadfast), the most important common insurance coverage dealer community and underwriting company group in Australasia, has expanded into the US insurance coverage market by buying ISU Group (ISU).

Beginning a franchise over 40 years in the past, ISU has change into one of many largest company networks within the US, with round 220 members throughout 40 states and has partnerships with greater than 75 insurance coverage carriers and wholesalers. It states that it offers independently owned insurance coverage businesses with the distinctive aggressive benefit of getting the assets and energy of a nationwide group whereas retaining their independence.

Steadfast acquires ISU

Robert Kelly AM, founder, managing director, CEO of Steadfast, mentioned the group had been wanting into increasing into the US during the last 5 years.

“We wished to enter a long-term strategic partnership with an current US unbiased agent community to create distribution and a platform to implement our service providing,” Kelly mentioned. “I’m extremely excited that our journey into the US has began with ISU. ISU is a superb match for us. They create a stellar administration group and current scale, and we share complementary values with our individuals and purchasers. This was an important consideration for us.”

Kelly defined that the growth will present Steadfast with alternatives to maximise development and ship its technique and enterprise mannequin to the world’s largest insurance coverage market.

“We stay up for working with the ISU group to ship additional worth to ISU by means of implementing, the place acceptable, Steadfast enterprise and insurance coverage options to help ISU members and their purchasers,” he mentioned.

ISU CEO TJ Ryan commented: “That is an thrilling new chapter in ISU’s historical past. We have now taken a long-term view of ISU’s future and are extremely assured this partnership with Steadfast will present ISU’s unbiased brokers with a good better aggressive edge in an ever-changing market.”