It doesn’t look like things are slowing down, growth-wise, over at Network Steadfast even amid the coronavirus crisis.
The insurance brokerage, which is majority owned by Steadfast Group, has announced a strategic partnership and investment in Bluebook Insurance Brokers. Financial details of the deal with the Brisbane-based corporate risks broker, however, were not disclosed.
In a LinkedIn update, Network Steadfast noted that it now has representation in four states, with the Bluebook swoop further solidifying the group’s expanding footprint. With offices in cities such as Melbourne and Sydney, Network Steadfast places over $220 million in gross written premium annually.
“It’s an absolute pleasure to partner with Bluebook in Queensland as part of our national growth strategy,” commented Network Steadfast chief executive Andrew Broughton. “The skills that Bluebook staff bring to our organisation will align perfectly with our existing capability and reach.”
Part of Network Steadfast are the likes of Cyclecover, Dib Insurance Brokers, GWS Network Insurance Brokers, Quattro Risk Services, and Steadfast IRS. The group specialises in general risk management, workers’ compensation, claims management, and specialty industry risks.
Lifting the lid on the decision to come onboard, Bluebook founder and managing director Peter Apolakiatis said: “We are delighted to partner with the team at Network as our way of thinking is aligned – clients are our focus. Their tailored service approach, negotiating power, and global reach reflect some of the many benefits that this arrangement will bring to our customer base.”
Bluebook came to life in 2018, providing general insurance and professional risk management solutions and advice. The team has a combined insurance broking experience of about nine decades.
