Oxygen to sell remaining assets
Oxygen Holdings plc has announced that it intends to dispose of all of its remaining assets.
Chief Executive Nigel Barton said that the move of its London Market teams to Gallagher International in August and the sale of Robertson Taylor announced today are part of the process that will see the firm dispose of its remaining assets.
Barton added that an announcement regarding the UK Corporate Risks Division would be forthcoming shortly.
He went on to say that although the firm had enjoyed success with businesses both in terms of growing them from scratch and by acquiring them it had been particularly affected by the adverse conditions of recent years.
The initial plan had been to sell Oxygen as a whole, but selling divisions off individually proved a better way forward.
Category: Insurance News
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