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MONTE CARLO, MonacoLondon-based Oxygen Holdings P.L.C. has launched a reinsurance broker, Oxygen Re.
The broker will serve buyers of nonmarine, marine and aviation treaty reinsurance and retrocessional covers, and also will introduce third-party capital in various forms to support underwriting, the company said in a statement.
Nigel Barton, chief executive officer of Oxygen Holdings, said the unit was being launched because Oxygen believed a "seismic shift" was taking place in the reinsurance sector.