Lloyd’s Oxygen Opens Bermuda Subsidiary Company

September 9, 2008

Oxygen Insurance Brokers, a Lloyd’s accredited London Market insurance intermediary, announced the expansion of their specialist reinsurance division, Oxygen Re, with the incorporation of Oxygen Insurance (Bermuda) Ltd.

Graham Wood has joined the Oxygen Re team and plans to take up the post of Business Development and Operations Manager of the new subsidiary. He was previously with Benfield and, was most recently, Team Leader of Gallagher Re’s Bermuda operation. He brings a “wealth of reinsurance and retrocession experience to further strengthen the existing team of Kevin Conlan, Tony Belisle, Colin Garner and Oliver Moon,” said the announcement.

Oxygen’s CEO Nigel Barton, who is also the president of the new division, commented: “We launched Oxygen Re two years ago because we felt there was room for an independent broker that focused on products involving specialist reinsurers and collateralized products from institutional capital investors. The impressive client list that the team has built to date has validated that decision.

“The incorporation of our Bermudan Company is an exciting step for this business as we continue to build a progressive and enterprising alternative in this sector of the reinsurance market.”

Source: Oxygen Group – www.oxygeninsurance.com or www.oxygenre.com

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