Compass Insurance Brokers (Tas) P/L is a non-equity member of the largest insurance broker network in Australia and New Zealand; the Steadfast Group.
So who are Steadfast? – The Steadfast group comprises of over 300 brokerages spread across more than 700 offices and generates over $6.1 billion in sales in FY15.
Steadfast were initially started as a way for smaller brokers to be able to bind together to achieve greater buying power and benefits for their customers. In recent times Steadfast changed direction to some degree and has floated on the ASX and purchased both various underwriting agencies as well as broking firms of their members.
So what does non-equity mean? It means that unlike quite a few other members Compass is not owned, in part or fully, by Steadfast. We truly are 100% Tasmanian owned and operated and Steadfast have no control or no participatation in decisions affecting the running of Compass .
However as a non-equity member we still get all the full benefits that Steadfast offer which allows us to give our customers access to multiple insurance companies, a broad range of products, achieve competitive pricing and gives us a competitive edge. Clients are provided this all from a locally owned and operated Insurance Broking firm.