Steadfast’s international businesses, meanwhile, posted a sharp step-up in net revenue to $56.4 million, up 220.5%, helped by acquisitions and strong performance in specialty lines, including a contribution from Novum Underwriting Partners, acquired in August 2025, which the group said produced more than US$140 million in GWP and 60% organic growth. In a market where global specialty capacity and delegated authority models are evolving rapidly, that international expansion is likely to interest both Australian broker principals looking for cross-border capability and insurers assessing who controls access to specialty placement.
Steadfast Group’s half-year surge signals a tougher, more tech-driven future for brokers
By Awais
