High net worth specialist Oak Underwriting has been sold to fellow underwriting agency Somerville.
Beazley, which underwrites Oak's high net worth policy, has extended its backing to Oak with a fiv ...
High net worth specialist Oak Underwriting has been sold to fellow underwriting agency Somerville.
Beazley, which underwrites Oak's high net worth policy, has extended its backing to Oak with a five-year commitment and an increase of 30% in premium income for 2004 to about £20m.
Somerville founder Andrew Cross becomes chairman of Oak Underwriting. Tony Lumsden Cook continues as Oak's managing director.
