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Oxygen on target for acquisition double

Broking group Oxygen has made the first of two planned acquisitions due to be complete by the year e...

Broking group Oxygen has made the first of two planned acquisitions due to be complete by the year end. Its first major acquisition of the assets of Smart and Cook Consulting for an undisclosed fee was completed in mid-November.

The business, which has 130 clients, is run purely on fee income and is set to reach £5m, will be rebranded Oxygen UK Corporate Risks. Sean Hicks, formerly managing director of Smart and Cook Consulting will join as head of the business which will be part of the Oxygen

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Aviva doubling down for customers, says Martin

Aviva is committed to pushing on with an “absolute focus on customer” and will continue “doubling down”, David Martin, managing director for UK commercial and chief distribution officer, told Insurance Age as he teased a “major new proposition” pencilled in for the end of the third quarter will catch brokers’ eyes.

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