XL Catlin has entered into a definitive agreement to acquire Brooklyn Underwriting, an Australian underwriting agency and Lloyd’s approved coverholder, it announced today.
The acquisition will be made by an indirect wholly-owned subsidiary of XL Group Ltd.
Operating in the Australian market for more than two decades, Brooklyn offers more than a dozen specialist insurance products for SMEs, from high-risk property to complex liability. It serves more than 700 brokers across Australia.
The transaction is expected to close in the…Read more @ Insurance Insider