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Non-Life12 Jun 2026

Sydney's Steadfast shares surge after US$5.1bn indicative takeover offer from Amwins and Dragoneer

By Jake Nathanoel Dellosa | 12 Jun 2026

Australian insurance broker Steadfast Group has received an indicative takeover proposal from US specialty insurance distributor Amwins Group Inc and private equity firm Dragoneer Investment Group. The announcement triggered a record 36% jump in the company's share price.

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Sydney's Steadfast shares surge after US$5.1bn indicative takeover offer from Amwins and Dragoneer

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Sydney's Steadfast shares surge after US$5.1bn indicative takeover offer from Amwins and Dragoneer

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