Oxygen completes restructure

Oxygen Insurance Broker has created a new operating structure and made two senior appointments on its fifth anniversary.

Oxygen’s operating structure was based around eight broking teams, but going forward the business will be structured around five divisions:

Robertson Taylor - providing commercial & contingency business for the music & entertainment industry globally

Oxygen Corporate Risks - - providing commercial business for all other industry sectors, in the UK and globally

Oxygen Partners - creating and managing facilities for third party brokers & MGAs

Oxygen Private Client Services - providing specialist policies for high net worth individuals in the UK and globally; including the Super Yachts portfolio trading as “CRS Yachts”

Oxygen Re - providing treaty reinsurance broking services

In addition to the team restructuring, Graham Elliott, who joined Oxygen as chief operating officer in 2008, has been appointed chief executive, Oxygen Insurance Brokers. Prior to joining Oxygen, Elliott was global director of institutional equity sales at Prudential Equity Group.

Sue Moseley becomes chief operating officer, Oxygen Insurance Brokers. Previously, Moseley was entertainment and special risks manager at Robertson Taylor, Oxygen’s music and entertainment practice.

Nigel Barton assumes the role of chairman, Oxygen Insurance Brokers, and continues as group chief executive, Oxygen Holdings. Tom Binks remains chairman of Oxygen Holdings.

Nigel Barton, group chief executive of Oxygen Holdings, said: “We are immensely proud of the business we have built and are continuing to build. Our aim was to build an entrepreneurial business, staffed by high achievers prepared to challenge the way things have been done in the past. Today, that is the business we have. In every area of our business we have staff who are talented, enterprising and experts in their specialist areas. We are very grateful to our shareholders, clients, insurance markets and staff. The support we have received has been fantastic.”

He continued: “Looking ahead, our new business structure will enable us to maintain high standards of service for clients and ensure they can easily access the best resources in the company to address their needs. For our staff, it’s about creating a business that provides continual opportunities for growth and development. We also believe the new structure will provide our loyal shareholders with superior returns over the long term.”