Steadfast Risk Group makes major move

Steadfast Risk Group makes major move | Insurance Business Australia

Insurance News

Steadfast Risk Group makes major move

Deal will expand business operations

Insurance News

By
Roxanne Libatique

Steadfast Risk Group, the risk management division of major general insurance broker network Steadfast Group (Steadfast), has acquired Riskcom and its subsidiary, BRM Risk Management (BRM).

Riskcom provides enterprise risk and health and safety advice and solutions. Its subsidiary is the largest self-insurance auditor in Australia, specialising in workers’ compensation claims and rehabilitation audits.

Acquisition

The acquisition will enable Steadfast Risk Group to expand its risk capabilities and operations.

“The acquisition will immediately increase Steadfast Risk Group’s capabilities across the full suite of risk management services. It will also further leverage our existing risk management platforms to address the next generation of risk assessment for Australian corporates,” said Steadfast Group founder, managing director, and CEO Robert Kelly.

As part of the agreement, Riskcom and BRM will retain their brands and continue to operate as standalone businesses. Earl Eddings will remain in his role of Riskcom CEO and advise on risk assessments and strategies for clients. He will report to Martyn Thompson, executive general manager – corporate development, at Steadfast Group.

Eddings has extensive experience consulting for public and private companies and has managed some of Australia’s largest risk management projects.

Kelly commented: “We are delighted to be welcoming Earl Eddings and the Riskcom and BRM teams to Steadfast Risk Group so that we bring new value in delivering risk management solutions for our clients.”