OXYGEN INSURANCE BROKERS

PRESS RELEASE

OXYGEN INSURANCE BROKERS

 London, 17th January 2008– Oxygen Insurance Brokers (Oxygen) announced today the acquisition of a portfolio of specialist technology and new media Professional Indemnity business from Digital Risk Solutions Ltd (DRS).

DRS provide broking and risk management services primarily to software gaming companies and mobile media content providers. The portfolio acquisition is an important strategic move in positioning Oxygen as a leading broker to businesses in this growing market.

With immediate effect, all DRS clients will move to Oxygen where they will be serviced by the Professional Risks team.  Graeme Newman, managing director, DRS, said, “We are delighted to agree this deal with Oxygen.  They share our business ethic of high service levels, niche focus and entrepreneurial spirit.  Consequently, we are confident that our clients will continue to receive the quality advice and service they have come to expect from DRS.”

Commenting on the portfolio, Andrew Wallin, Director, Oxygen, said, “This is an important strategic development for our Professional Risks business. We have the expertise and skill to build upon DRS’ achievements and grow our presence in this rapidly expanding sector of the technology industry.  In particular, the mobile media content element of the portfolio is a good fit with our position in the telecommunications sector.”

[ENDS]

For further information contact:

Alex Wise, Concise Public Relations on

tel: 020 7100 3960 or 07710 665 615

or

Sangita Ladwa on tel: 020 7469 6512

Notes to editors:

Oxygen Insurance Brokers (OIB) is part of the Oxygen group of companies which include Oxygen Insurance Managers, Robertson Taylor Insurance Brokers and CRS Yachts. OIB is a Lloyd’s Broker and is authorised and regulated by the Financial Services Authority.

OIB provides a range of broking and risk management services through a distinct business model.  The UK Corporate Risks division serves medium to large corporate clients on a professional services platform wherein all services are charged on a transparent time-costed fee basis.  The Specialist Risks Division consists of a number of dynamic specialist broking teams providing highly expert advice in complex and niche areas of risk management and insurance. 

The Professional Risks team provides specialist Professional Indemnity advice and services including risk management, programme structure and insurance placement.  In particular, they have expertise in the Media, Technology and Telecommunications industries and the development of new exposures.

For more information visit www.oxygeninsurance.com