IIB announces Oak is to replace Cox.
Cox has lost its position as the Institute of Insurance Brokers' high net worth scheme provider. Oak...
Cox has lost its position as the Institute of Insurance Brokers' highnet worth scheme provider. Oak Underwriting is taking over the scheme.
The IIB said the imminent closure of the Cox branch in Chipping Norton
influenced its decision to end the five-year agreement. Cox was the first
underwriter to provide such a scheme to IIB brokers.
Oak's scheme is underwritten by Beazley Syndicate at Lloyd's, with an
underwriting capacity in excess of £215m. Minimum sums insured are
£250,000 for buildings and
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