Oxygen sells Robertson Taylor to EIP
Oxygen Holdings plc has announced the sale of its subsidiary Robertson Taylor Holdings Ltd to Entertainment Insurance Partners (EIP).
The sale, which is subject to the regulatory approval of the FSA, is for an undisclosed sum.
Robertson Taylor provides the music industry with specialist broking and services, on the global stage.
The subsidiary was acquired by Oxygen four years ago and employs 75 staff in the UK and USA.
EIP Worldwide is a group of more than 130 specialty entertainment insurance and risk advisory experts, and all of Robertson Taylor’s staff will transfer to EIP upon completion of the sale.
Oxygen Chief Executive Officer Nigel Barton said that Robertson Taylor enjoyed a strong reputation and client base, adding that he expected the firm to continue to grow after the sale is complete.
Category: Insurance News
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