Oxford Insurance MD opts for 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.
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