Oxygen Holdings, the parent company of Lloyd's broker Oxygen Insurance Brokers, has completed the acquisition of UK insurance firm Smart & Cook Consulting.
Smart & Cook Consulting (SCC) provides a range of services from full insurance broking to risk management advice to corporate clients in the UK.
The acquisition will entail the transfer of all staff and client portfolios to Oxygen. SCC will become part of Oxygen’s broking operation and be branded Oxygen UK Corporate Risks, a division of Oxygen Insurance Brokers.
The collaboration will provide Oxygen with its first operating location outside London, initiating the development for a wider UK regional presence in all areas of insurance. Its expanded client base will now encompass a number of large UK corporate businesses.
Oxygen UK Corporate Risks will continue to operate from its offices in Leeds. Sean Hicks will join Oxygen as head of Oxygen UK Corporate Risks, along with all members of his existing team.
Sean’s team also provides us with access to new client sectors and expanded product offerings that reflect the needs of UK insurance buyers in one of the most dynamic markets, commented Nigel Barton, CEO of Oxygen Holdings. There is no doubt that this is an exciting development for Oxygen as this business will play an important part in our future growth.