Steadfast Group has taken joint ownership of employee benefits specialist Corporate Risk Holdings (CRH), which operates under the trading name Corporate Risk Services. 

The broking network says its life advisory arm, Steadfast Life, acquired a 50% stake in the business, boosting its offerings in the employee benefits space. 

“They are an impressive operation with like-minded values and cultural alignment to the Steadfast Life team,” Steadfast Life CEO Darren Conway said. 

He says the investment “strengthens Steadfast Life’s employee benefits proposition to SME businesses in the 50-1000 employees’ space and creates the scale necessary to bring new and innovative life and disability products into the SME market”. 

Corporate Risk Services MD David Wilson says Steadfast Life is the “right fit” for the business as it looks to the future. 

“They bring a considerable value proposition to our team and clients,” he said. 

Steadfast Life offers personal life insurance, business life insurance and employee benefits solutions, specifically group insurance covering members of an organisation under a single scheme. 

Some of the benefits of group life insurance include competitive wholesale premium rates, minimal or no medical underwriting and simple administration provided by Steadfast Life, its website says.