Steadfast Group today announced the acquisition of control in Victual, a leading food and beverage risk and insurance advisory firm, along with its sister business @ Risk Underwriting, a specialist underwriting agency focused on property, liability and product recall solutions for the food and beverage sector.
Victual is widely recognised for its deep expertise in risk advisory and broking within the food and beverage industry. @ Risk Underwriting complements this capability through its strong technical proficiency and specialist underwriting solutions across key risk classes, in particular product recall insurance.
Steadfast Group Founder, Managing Director & CEO, Robert Kelly said the joint venture represents a significant opportunity to deliver greater value to brokers and their clients.
“Victual and @ Risk Underwriting bring exceptional capability in a highly specialised sector. The acquisition will immediately strengthen our offering by introducing dedicated food and beverage segment expertise, enhanced risk management capability, and through @ Risk Underwriting, an expanded suite of property, liability and product recall products for the Steadfast broker network and their clients”.
Victual Directors’ Peter McGee and David Goodall added: “This joint venture with Steadfast marks a significant milestone in our growth journey. With Steadfast’s scale, infrastructure and expertise behind us, we are well positioned to accelerate the deployment of our services and enhance the support our clients receive”.
Both Victual and @ Risk Underwriting will retain their existing brands and continue to operate as standalone businesses under the leadership of Directors Peter McGee and David Goodall, who together bring more than 55 years of experience across major organisations in Australia and the UK.
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