Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has acquired Oxygen Insurance Managers Ltd., of London, from its parent, Oxygen Holdings Plc. Terms of the deal were not released.
Oxygen Insurance Managers is a Financial Services Authority (United Kingdom financial regulation agency) authorized underwriting agency representing a number of major insurance companies and Lloyd's Syndicates, acting directly or through a local intermediary. OIM specializes in international classes of insurance such as liability, extended warranty, cargo and specie, property, and group personal accident and travel.
Sian Fisher, principal, and her associates, a total of 18 employees, will continue to operate out of their current location as OIM Underwriting under the direction of David Ross, chief executive officer of Arthur J. Gallagher (UK) Ltd., Gallagher's FSA-authorized broker and approved Lloyd's of London broker.
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