London, 24th November 2008– Oxygen Insurance Brokers (Oxygen) announced today membership of Tiga, the games developers’ trade association. Oxygen joins as an affiliate service provider and thereby becomes the sole and exclusive insurance broker for Tiga members. The move reflects Oxygen’s strategic focus as a specialist provider for niche industry groups.
Commenting on the membership, Andrew Wallin, Director, Oxygen Insurance Brokers, said“We have always had a presence in the IT sector and this deal reflects our ongoing commitment to an important niche in that industry. By working closely with Tiga we can be sure of delivering products and services that meet the rapidly changing demands of one of the most successful areas of British industry”.
Tiga CEO, Richard Wilson, said,“We are delighted to have Oxygen on board. It is an important step in delivering on one of Tiga’s key strategic objectives: developing services that make a significant material difference to Tiga members’ businesses.
“Oxygen understands the games business sector and has a track record of providing effective insurance products. This is a great deal for our members. It will ensure they have easy access to a specialist broker that can really help them make the right choices in what can be a complex area of business management.”
Oxygen Holdings plc (Oxygen Holdings) is owned by the staff and some private investors. The firm has grown significantly in the forty two months since its launch with revenues of£8.4m (unaudited) for the first half of the 2008 compared to£9.3m for the year 2007.
Oxygen Insurance Brokers is a Lloyd’s Broker specialising in a number of sectors including Music and Entertainment (trading under the“Robertson Taylor” brand), UK Corporate Risks, Professional Risks, Construction, Power and Mining, Infrastructure Finance, Management Risks, Mergers&Acquisitions and Reinsurance.
For more information visit: www.oxygeninsurance.com.
Concise Public Relations
T: 0207 100 3960
M: 07710 665 615 Sangita Ladwa
Head of Marketing, Oxygen
T: 020 3178 8239
M: 07595 650 656
Tiga is the national trade association that represents games developers in the UK and in Europe. They have 160 members, the majority of whom are either independent games developers or in-house publisher owned developers. They also have outsourcing companies, technology businesses and university departments that are members. In addition, Tiga has a growing number of membership categories for affiliate members who provide a valuable service to the industry, such as law firms and accountants.
Tiga’s vision is to make the UK the best place in the world to do games business. The focus is on three sets of activities: political representation, generating media coverage and developing services that enhance the competitiveness of members. This means that Tiga members are effectively represented in the corridors of power, their voice is heard in the media and they receive benefits that make a material difference to their businesses, including a reduction in costs and improved commercial opportunities.
For further information, contact:
Dr Richard Wilson, Tiga CEO
T: 0845 0941095
M: 07875 939643