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Steadfast boosts training with Gold Seal purchase

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Steadfast has boosted its education and training capabilities with the acquisition of Gold Seal Practice Management and Gold Seal Intellectual Property.

Gold Seal MD Sheila Baker will join Steadfast as EGM Compliance and Customer Experience, reporting directly to CEO Robert Kelly.

Terms of the deal reported by insuranceNEWS.com.au in a Breaking News last week were not disclosed, but as part of the transaction the Gold Seal brand and logo will be owned by Steadfast. A total of eight staff, including Ms Baker, will move across.

“They are a high-quality organisation underpinned by talented staff who we have worked alongside closely for many years, and have always admired the professional training they deliver to enhance the standards, reputation and success of the insurance industry,” Mr Kelly said.

“I am confident this merger will help to enhance the compliance, human resources, training and education practices within the Steadfast broker network for the benefit of their clients.”

The acquisition does not include Gold Seal International (GSI), which will continue to provide compliance, audit and other professional services, including Lloyd’s coverholder audits.

Gold Seal International, to be led by former Director David Mills, will change its name to GSI Professional Services in the near future.

“We are excited to be able to continue to take the Gold Seal philosophy, some of its people and valued services forward,” Mr Mills said.

“Additionally, we will be broadening our reach to the wider Asia-Pacific region to support Lloyd’s coverholders, managing agents, brokers and underwriting agencies.”