XL has completed the acquisition of Catlin following regulatory and shareholder approvals.

The company will be marketed as XL Catlin, with a global advertising campaign and new website to be unveiled this week.

XL’s Mike McGavick will continue as CEO, while Catlin Group founder and CEO Stephen Catlin has joined XL as Executive Deputy Chairman, also serving on the board of directors.

As reported in insuranceNEWS.com.au, XL’s Craig Langham will head insurance for the Asia-Pacific region, with Robin Johnson leading Australian operations. In reinsurance, Peter Schmidt will become CEO of Asia-Pacific and Latin America.

“After nearly two years of discussions and several months of intense planning, we are extremely pleased to officially be one company,” Mr McGavick said.

“Starting today, we are a larger, stronger, more capable firm, with a leading presence in the global specialty insurance and reinsurance markets.”