XL Catlin has announced that it has completed the acquisition of Brooklyn Underwriting Pty Limited and Brooklyn IT Pty Limited (“Brooklyn”), a market-leading specialist underwriting agency in Australia and a Lloyd’s approved coverholder, serving brokers across the country.
Brooklyn Underwriting Pty Ltd and Brooklyn IT Pty Ltd (Brooklyn) has been operating in the Australian wholesale insurance market for over two decades. Brooklyn is part of XL Group, through its subsidiaries and under the XL Catlin brand, a global insurance and reinsurance company. Brooklyn’s insurance products are customized market specific solutions that are supported by a specialist underwriting team with recognized experience in SME, Property, Casualty, Professional, and Specialty.
“We are delighted to officially welcome our Brooklyn colleagues to the XL Group family of companies” commented Craig Langham, XL Catlin’s Regional Chief Executive Asia Pacific, Insurance. “Still operating under the Brooklyn brand, we expect them to continue their market success and further strengthen their position in the important SME market.”
Robin Johnson, Country Manager of XL Catlin’s Australia insurance operation, said: “Brooklyn will be great partners for us. We will rely on their efficient distribution model to provide XL Catlin’s broad range of products to their SME broker and client base, further expanding our reach in the Australian market.”
“We’re excited to be joining the XL Catlin teams as an official part of Group, together with the global backing of XL Catlin, Brooklyn will be able to offer access to a fantastic team of underwriters and expertise, an expansive suite of innovative insurance solutions, market-leading technology and the significant financial strength of the XL Group Ltd” said David Porteous, Director of Brooklyn. “We are confident that our clients and brokers will benefit from access to an expanding suite of innovative insurance solutions, and our team will benefit from the Group’s broader resources.”