Sydney, Australia Fri Oct 27, 2017 — XL Catlin’s insurance operations today announced the appointment of Max Broodryk as Product Leader of Cyber Risk, International Financial Lines for Asia Pacific, based in Sydney. In this role, Mr. Broodryk will be responsible for underwriting management and development of the Cyber & Data Protection line of business within Asia Pacific.
Mr. Broodryk reports to Timothy Powell, Regional Manager, International Financial Lines for XL Catlin’s Insurance business in Asia Pacific, who commented,” We’re very pleased to have Max on board. XL Catlin has a significant expertise in cyber which we’re very much recognized for in the US and the London Market, and we have started to build out our capability in other regions, including Asia Pacific. Given Max’s extensive experience in cyber and professional liability solutions, he has the right expertise and skillset to strengthen our cyber offerings in the APAC region.”
Craig Langham, Chief Executive, Asia Pacific - Insurance added: “The cyber threats that many companies previously considered to be unthinkable are now making headlines. According to the 2017 Global Risk Report published by World Economic Forum, data fraud/theft and cyber attacks were ranked the fifth and sixth risk respectively in terms of likelihood.”
“Many countries across Asia Pacific are also stepping up their regulations and legislations to address the changing cyber landscape. Australia, for example, passed a new law in February this year that requires a data breach to be reported on a mandatory basis. The NBD scheme established under this law is due to start next February. It is clear that there is a growing requirement for Cyber coverage amongst clients, and we’re delighted that Max is here to help them tailor insurance solutions to meet this need.”
Mr. Broodryk brings with him more than 20 years’ experience in insurance. He joins XL Catlin from Allianz Global Corporate and Specialty in Australia where he held the position of Regional Underwriting Manager. Prior to Allianz, Mr. Broodryk had worked at QBE and AIG, in Asia and New Zealand.
# # # # # #
About XL Catlin’s Insurance Operations
XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Businesses that are moving the world forward choose XL Catlin as their partner. To learn more, visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group Ltd’s (NYSE:XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit xlcatlin.com.