Steadfast completes Calliden deal

Australian intermediary Steadfast Group has announced the
completion of its 100 percent acquisition of managing general
agency Calliden Group.
The deal was executed via a scheme of arrangement and involved
the simultaneous sale of Calliden's insurance arm, Calliden
Insurance Limited, to Munich Holdings of Australasia, a wholly
owned subsidiary of Munich Re.
Calliden handled A$151mn in gross written premiums through its
agency in 2013, while its insurer wrote A$95mn in the same
year.
The firm