Howden, the international insurance broker, part of Howden Group Holdings, announced yesterday that it is building on its 20-year relationship with Steadfast, the Australian insurance intermediary network, by forming a strategic partnership to support Steadfast’s London Market broking requirements and launching an Australian broking operation in association with Steadfast.
Howden in Australia will join Steadfast’s network—Australia’s largest general insurance platform—to leverage its scale, strength and access.
With ambitious growth plans to launch a challenger broker for Corporate, People Risks (including Employee Benefits), and other specialty lines, Howden’s operation in Australia will be driven forward under the leadership of industry veteran Mr Andre Louw as chairman and Mr Igor Fijan as CFO.
Mr David Howden said, “I’ve known Robert Kelly for over 20 years and have admired his unwavering conviction and drive to build Steadfast into the largest general insurance broker network in Australia by bringing exceptional businesses together to do more for clients. We share not only a relentless focus on our clients but also a core belief that by bringing together entrepreneurial talent in an empowering, aligned and collaborative culture, we can achieve something special. Since the launch of DUAL in Australia in 2004 our Groups have built a very close working relationship and we are now taking the next logical step on the broking side of the Group. We will draw on the specialist expertise of our own international broking platform and the strong market position of Steadfast to deliver best-in-class risk management and risk transfer solutions to Australian clients and to Steadfast’s members.”
Mr Robert Kelly, CEO, Steadfast, said, “There is a clear opportunity in the Australian broking market for a credible international alternative, and for the existing clients of Steadfast members to have access to expertise and capacity in London and globally.”
Howden Group Holdings is a leading international insurance group with employee ownership at its heart. Founded in 1994, it comprises Howden Broking, underwriting business DUAL, and data analytics and digital delivery business HX. Howden Group Holdings’ businesses operate in 40 countries across Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand and employ over 8,500 people.