In a recent market announcement, the Steadfast Group (‘Steadfast’) (ASX:SDF) have confirmed acquiring 70% of the share capital of NM Insurance Pty Ltd, trading as Nautilus Marine Insurance in Australia. Details on the Steadfast Group can be found at

This change is the next phase of our business life. We will continue to enhance our daily working relationships through our professional and dedicated staff, in both Australia and New Zealand. Our dynamic nature has led to our strong growth over the last nine years, and with the support of the Steadfast Group this will continue into the future. We are very pleased to advertise that our growth has been, in many ways, attributable to the strong business partnerships that we have. Our independence and client focused approach to business will continue, albeit with a new equity partner.