It may only have been in business for the last three years, but specialist high net worth motor underwriting agency Infinity has managed to secure a significant deal.

The London-based firm has signed a binding authority agreement with XL Catlin that will come into effect from January 01, 2017.

The company, which specifically targets specialist and HNW clients, was formed by Michael Ward and John Finnigan, with the former expressing his delight at the deal.

“XL Catlin is one of the world’s leading insurers and we are delighted to have its backing,” said Ward. “Our proposition and specialist, bespoke approach reflects the needs of our customers and we have identified significant growth opportunities in the high net worth (HNW) market. XL Catlin is the ideal partner as we look to increase our presence and expand our offering in this space.”