Accounts reveal prices of Oxygen disposals
Oxygen Insurance's London-based specialist broking teams were snapped up by AJ Gallagher for £1.35m, according to documents lodged with Companies House.
AJ Gallagher bought the team in August last year ahead of Oxygen announcing in November that it planned to sell all its assets after the sale of Roberston and Taylor.
The figure was revealed in Oxygen Insurance Broker's financial accounts for the year ended 31 December 2011.
On December 16 Oxygen also sold its Leeds and Ipswich-based corporate risks division to AJ Gallagher-owned Heath Lambert. The accounts showed the cost was £541,355.
A week later Oxygen transferred its affinity team to
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