Stardex Insurance Group senior managers are expected to increase their shareholdings in the company, with CEO Bob Lee confirming this morning that talks on the future structure of Australia’s largest underwriting agency are continuing.

This morning Mr Lee told insuranceNEWS.com.au major shareholder Ironbridge Capital will retain a significant stake in the business, in contrast to speculation that the private equity firm is planning an exit and management buyouts for the company’s various specialist businesses are being planned.

“A number of key Stardex management will be increasing their shareholdings in the group companies alongside Ironbridge as a continuing major investor in the group,” he said.

Last week insuranceNEWS.com.au revealed that Stardex has sold subsidiary Dexta Corporation to Axis Specialty Europe.

Changes to the Stardex ownership structure will take place after the Dexta sale is finalised early next year.