Page 43 - Tropic Magazine Issue 17

PROFILE • JVIB

Joe’s passion for his family is matched by
his commitment to JVIB and its clients.
His health journey was a turning point
in his life that led him to sell a 70% stake from the conference. For some time I’d
of JVIB to publicly-listed national firm thought about the need for a succession
Steadfast Group about 18 months ago. plan, even before the health issues, so
One thing is clear about Joe and his I thought why not, I’ll look at some of
company these days: it’s business as these offers and opportunities. I just
usual. He retained 30% of the company, thought I’ve been given an opportunity
and still arrives at the office around 7am for life, to live again, and I’ve also been
each day where he works 12-13 hour given the opportunity for financial
days, powered by healthy eating and security. I have a lot of confidence and
daily dawn sessions of boxing training at trust in Steadfast. I know their DNA, I
a gym in Redlynch. know their CEO, I’ve known them long-
“In August 2017 I attended a big term, I was on their board for a long
insurance industry forum in Brisbane time before they were listed, so it was a
and nobody recognised me because I’d no-brainer for me. The ability to retain
lost so much weight,” he said. “After some ownership was also a big part of it
people saw me I guess there was talk in for me. As for our staff and our clients, it
the marketplace that I was dying and the is business as usual. Nothing changes.”
business needed to be sold so I received Nothing changes, except Joe’s new lease
calls with offers when I got back home on life.

JVIB FAST FACTS

Established 1996

Staff 27

Clients More than 5200

Ownership
Joe Vella: 30%
Steadfast: 70%

ABOUT STEADFAST GROUP
Steadfast Group is the largest
general insurance broker
network and the largest group
of underwriting agencies in
Australasia, with growing
operations in Asia and Europe.

43 • tropicnow.com.au