One of Australia’s most esteemed underwriting agencies is likely to be looking for a new company head in the coming months after its own director stepped down late last week.
– four-time winner of the ‘Underwriting Agency of the Year’ at the Australian Insurance Industry Awards – confirmed the resignation of David Porteous
Sydney-based Porteous has been with the firm since early 2011 and was recognised for facilitating XL Catlin
’s acquisition of the company just last year.
“During his time heading the Brooklyn team, David has guided the business and developed it into a multi-award winning and nationally recognised underwriting agency,” wrote Craig Langham, chief executive of XL Catlin
’s Asia Pacific operations, in an email to clients and stakeholders.
Langham also confirmed the company is “considering the management structure” and promised to update clients as soon as reasonably possible.
“Rest assured, David will be staying on in his role for a period to ensure smooth transition,” he added.
When Insurance Business
requested comment no further details about Porteous’s departure were made available.
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