Gallagher's bid for Oxygen is one of many

waiting in line

A source close to the situation said that in response to media coverage an internal email was sent to staff explaining that there were several firms who had shown an interest in acquiring Oxygen and that Gallagher's bid was by no means an isolated circumstance.

The source added that any deal made would be done so because it suited all parties involved, not because of price.

Gallagher's interest follows its purchase of broking group Heath Lambert in May for £97m.

Oxygen previously sold Oxygen

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: