Oxygen backs BWS UK

Brokerage World Solutions (BWS) is launching a new broking firm in the UK to handle international business for its Dubai-based broker Insure Direct and to act as an appointed representative for Oxygen Insurance Brokers.

BWS, UK will be jointly owned and managed by Oxygen Holdings, parent of the London-based boutique broker focusing on specific specialist areas.

Ken Maw, CEO of BWS, said: “BWS, UK represents a new milestone in our position as a leading international provider of brokerage and risk management services.

British footprint

“Our partnership with Oxygen Holdings will help expand our existing Middle East and European footprint into the British market. Our combined expertise and strengths offer clients new, sustainable insurance options in today’s changing market environment.”

Nigel Barton, CEO of Oxygen Holdings, said: “We feel that putting the power of two dynamic and expansive insurance businesses together for the purposes of placement into the London and European Markets is a great win for Oxygen’s and BWS’s clients.”

The backers

Holding company BWS is registered in Valetta, Malta. It claims that by working with reputed global networks and specialist reinsurance providers, it enables clients to benefit from competitive premium levels, with the assurance of appropriate international support where required.

Insure Direct covers all key industry sectors and niche areas for an exclusive clients. Independent Risk Solutions (IRS) are specialists in marine, energy and offshore construction insurance.