Steadfast Group will bring seven of its commercial underwriting agencies together under the Miramar Group brand, with the new structure to take effect on April 1. The entities to be combined are: Interruption Underwriting Agencies (IUA), Miramar, Quanta, PI Direct, Pint Underwriting, Platinum Placement Solutions, and Procover. All sit within Steadfast’s underwriting agencies arm and write commercial business distributed through brokers.
Miramar Group chief executive officer Stephen Ward said the combined operation is intended to change how intermediaries deal with the group across multiple classes. He described the new business as being “simple by design.” He added: “With responsive support, intuitive advice, and an attitude to keep things moving, we’ve created Miramar Group to make it easier for brokers.” The seven agencies together placed more than $200 million in gross written premium in FY25. More than 100 staff from the existing businesses will move into the Miramar Group structure, working with brokers in Australia and New Zealand across a range of commercial segments. “This collective expertise ensures Miramar Group is able to provide highly specialised risk solutions, drawing on the experience and legacy of each agency,” Ward said.
Miramar Group will operate across 10 lines of business, with products available for risks from small and medium-sized enterprises through to selected larger and more complex accounts. “Essentially, Miramar Group offers an all-inclusive service for brokers and their clients’ SME risk and insurance needs. We provide flexible and innovative underwriting solutions for a wide range of coverages and under-served industries, including engineering and hospitality,” Ward said.
The portfolio will include commercial property, general liability, professional indemnity, management liability, standalone business interruption, and machinery breakdown. Miramar Group will also write business in harder-to-place segments and schemes, including parts of the hospitality sector, and will continue to provide wholesale placement options for risks outside typical underwriting appetites. Ward said the underwriting footprint is intended to cover a broad mix of professions and industries, from office-based trades such as accounting and finance broking through to heavy industry and mining. “With 10 lines of business, we have solutions beyond the basics, so brokers can support their clients with confidence,” Ward said.
The Miramar Group leadership team comprises:
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“Collectively, Renee, Michael, James, Jayson, and Jason have decades of experience and in-depth knowledge of the insurance landscape. They also have longstanding relationships and trust with our capacity providers which benefits brokers and, ultimately, their clients,” Ward said. He said engagement with intermediaries will be central to the group’s approach as the new structure is implemented. “We’re committed to providing brokers with the tools, expertise, and support they need to deliver positive outcomes for their clients. We’re also focused on simplifying the process and streamlining our back-office operations to ensure brokers can access tailored solutions quickly,” he said.
From April 1, Miramar Group Pty Ltd will issue contracts of insurance under a binding authority as agent for certain underwriters at Lloyd’s for Miramar Commercial, Miramar Financial Lines, Miramar Pint, Miramar Interruption, and Miramar Platinum products. Miramar Group will also act under a binding authority as agent for Zurich Australian Insurance Limited, which will be the insurer for Miramar Engineering products. Miramar Wholesale Pty Ltd currently acts under a binding authority as agent for AIG Australia Limited for Miramar Wholesale products. Terms, conditions, limits, and exclusions apply to all products.
Steadfast Underwriting Agencies, which includes more than 30 agencies across Australia and New Zealand, generated $1.2 billion in gross written premium in the first half of FY26. The Miramar Group consolidation brings seven of those agencies under a single structure, adding another multi-line option for brokers using delegated authority solutions alongside Steadfast’s broking networks in Australasia and overseas markets.
