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OXYGEN INSURANCE BROKERS
PRESS RELEASE
London, 5th December 2006 – Oxygen Insurance Brokers (Oxygen), the Lloyd’s accredited broking operation of Oxygen Holdings Plc, have today announced they are creating a new management risk practice to focus on commercial and financial institutional clients.
The practice will be headed by Calvin Barnes upon his arrival from Heath Lambert Financial & Professional Risks, and will deliver insurance solutions in the commercial and asset management sectors. Calvin will be joined by two of his colleagues from his former home, Alexei Abbott and Drew Harvey. As well as focusing on their core practice relating to directors & officers’ liability insurance, the team will also offer a range of tailored insurance products relating to, amongst other things, the Public Offering of Securities, Errors and Omissions, Crime, Pension Trustee Liability, and Employment Practice Liability.
Commenting on the new team Nigel Barton, CEO of Oxygen Holdings Plc said “The exposure that directors face from the development of corporate governance is proving a minefield for clients, many of whom are in need of skilled advice. Calvin and his team are specialists in this field and have a proven track record of not simply giving off the shelf products to their clients, but instead, listening carefully and tailoring their products appropriately.”
“This sector fits perfectly with the current line-up of specialty classes in which Oxygen have chosen to operate.”
For further information: Alex Wise, Concise Public Relations on Tel: 020 7100 3960 or 07710 665 615
Notes to editors: Oxygen Insurance Brokers Ltd is a subsidiary of Oxygen Holdings plc and brokes UK and international specialist lines in the London market.
The business’s operating environment creates efficiencies through a disciplined approach and the use of outsourcing, electronic trading and opportunities offered by technology and process changes in the market. Oxygen’s management team and Board are: Nigel Barton, Chief Executive Officer John Benjamin, Chief Operating Officer Joe Knoblauch, Chief Finance Officer Sian Fisher, Head of Agency Operations Richard Trebble, Chief Information Officer
Non- Executive members: Ron Sandler, Chairman Michael Kier, Non-Executive Director Robert Alford, Non-Executive Director Michael Spencer, Non-Executive Director
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