Brokers welcome Oak and Zurich deal
Some suggested that Oak lost its “soul” under RSA ownership and questioned the fit of Oak and RSA.
The high net worth (HNW) broker market has broadly welcomed the deal that sees Zurich Private Clients (ZPC) buy Oak Underwriting from RSA.
William Cooper, of Stanhope Cooper, was delighted by the news. “I shouted ‘yes’ across the office when I heard,” he admitted. He said that Stanhope Cooper had not worked with Oak for a while.
Remarking that Oak “lost its soul” with RSA, he added: “I am very pleased with ZPC. They’ll do a good tidy-up job and will get Oak back to what it was.”
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