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Steadfast, QBE, Allianz face Australian competition suit from Dynamic

By Sean Maguire ( June 9, 2026, 06:27 GMT | Insight) -- Steadfast Group, QBE Insurance and Allianz Australia Insurance are facing a competition lawsuit in Australia filed by Dynamic Insurance Services, which alleges the three engaged in coordinated conduct that cut off its access to key insurance products. Dynamic says Steadfast terminated its network agreement in early 2026, followed by QBE and Allianz ending their arrangements, leading to the loss of authorized representatives and damaging its ability to operate. The company is seeking more than $2.1 million in damages, while Steadfast and Allianz deny the allegations and say their actions were lawful exercises of contractual rights.Steadfast Group, QBE Insurance and Allianz Australia Insurance have been named in a competition lawsuit filed in March by Dynamic Insurance Services, which alleges the three engaged in coordinated conduct that cut off its access to key insurance products....

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