Steadfast’s $7.7 Billion Sale: What It Means

Australia’s largest insurance broker network is changing hands. Steadfast Group has signed a scheme implementation deed agreeing to be acquired by a private consortium at $6 a share, an enterprise value of roughly $7.7 billion. The Steadfast board is unanimously recommending shareholders vote in favour, and the deal was the

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When Unfixed Materials Aren’t Covered: A Copper Wire Lesson

A recent ruling from the Australian Financial Complaints Authority (AFCA) is a timely reminder that not everything sitting on your property is automatically covered by your home insurance, even if it was stolen from your own backyard. So, What Happened? A homeowner lodged a claim in December after five and

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EOFY Insurance Tips: Go Beyond the Basics This Financial Year

As EOFY approaches, most businesses are focused on the numbers – tax planning, cash flow, and closing out the books. But it’s also the perfect time to take a closer look at something just as important: your insurance. At LML Insurance Group, we believe in going beyond the basics, because

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Company suspended over insurance issue

The Australian Securities and Investments Commission (ASIC) has suspended ISG Financial Services Limited’s (ISG) Australian financial services (AFS) license until September 30, 2022, on the back of…

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Steadfast’s $7.7 Billion Sale: What It Means

Australia’s largest insurance broker network is changing hands. Steadfast Group has signed a scheme implementation deed agreeing to be acquired by a private consortium at $6 a share, an enterprise value of roughly $7.7 billion. The Steadfast board is unanimously recommending shareholders vote in favour, and the deal was the

Read More »

When Unfixed Materials Aren’t Covered: A Copper Wire Lesson

A recent ruling from the Australian Financial Complaints Authority (AFCA) is a timely reminder that not everything sitting on your property is automatically covered by your home insurance, even if it was stolen from your own backyard. So, What Happened? A homeowner lodged a claim in December after five and

Read More »

EOFY Insurance Tips: Go Beyond the Basics This Financial Year

As EOFY approaches, most businesses are focused on the numbers – tax planning, cash flow, and closing out the books. But it’s also the perfect time to take a closer look at something just as important: your insurance. At LML Insurance Group, we believe in going beyond the basics, because

Read More »
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