The strength of our business has been recognised internationally, with the Steadfast Group acquiring a 45% shareholding in Abbott.
For our clients, there won’t be any obvious change.
Our broker principals will remain with the business and will be able to focus extensively on servicing their clients and growing our business nationwide.
However, behind the scenes our clients will be able to benefit from Steadfast’s size and credibility in the market.
Steadfast is the largest general insurance broker network in Australia and New Zealand, with more than 1,000 broker offices throughout Australia, New Zealand and Singapore.
This strength means our brokers will be able to drive for even better policy wordings to benefit our clients.
Abbott General Manager Mark Reid said the investment is testament to the quality of the Abbott team.
“Its a real vote of confidence in the strength of our business. We know we’ve got a proven business model and the right team to take it forward, and now we have the investment partners to make it happen.”