Oxford Insurance MD opts for CFC

Oxford Insurance Brokers managing director (MD) Neill Cotton is set to assume a senior management role with CFC.

Mr Cotton - who joined the Lloyd's broker almost 10 years ago - will join the underwriting agency at the end of the month.

The move will see Andy Billinge, currently executive director, step up as acting MD, subject to board and Financial Services Authority approval.

In a statement, CFC and Oxford Insurance insisted that the two organisations have enjoyed a "close working relationship for many years which will continue". It added that CFC was a "strategic, long-term client" of Oxford Insurance.

Speaking about the Mr Cotton's departure, executive chairman of Oxford Insurance, Randall Goss, said: "We will be sad to see Neill go but he is joining a valued and strategic client of ours where I know we will be able to enjoy many more years of working together.

"I am sure he will do a fine job for CFC."

And David Walsh, chief executive of CFC, added: "We have the highest regard for Oxford Insurance, with whom we have had a long and successful relationship.

"This is an important addition to the team for us as we embark on our new direction but it will be very much business as usual with our relationship with Oxford."

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