Adelaide-based insurance brokers Grand West and Newmarket, both part of the Steadfast network, will merge early next year.

Grand West GM Clinton Alcock says the move will enhance both businesses’ offerings and allow development of specialist products and services to meet clients’ needs.

Mr Alcock has more than 25 years’ experience in the insurance industry, including senior positions with major international broking companies in Australia and London.

Newmarket began operating in 1994. Principals Peter Lewis and Lesley Grech have been involved in underwriting and broking for more than 30 years.

The new business will be called Newmarket Grand West.