The Rubicon Corporation, a leading source of expert insurance services and solutions, today announced the acquisition of Misys Claims Management Limited from Misys plc, for an undisclosed sum.
Formerly known as CWA Claims, Misys Claims Management was established by Misys in 1997 to provide administrative outsourcing solutions to the general insurance industry. The business grew rapidly, handling high quality contracts with several leading UK insurers and processed in excess of 160,000 claims last year. The business will be renamed Rubicon Claims with immediate effect, and will continue to operate from its offices in Solihull. Operations Director, Gordon Smith, will lead its integration into Rubicon and continue to manage the day-to-day operations of the business.
The agreement takes effect immediately, and enables Misys to focus on distribution-related activities in the UK life and pensions, and general insurance sectors.
“I am delighted that we have been able to acquire such a high quality, complimentary platform that will substantially enhance our existing motor claims operations,” says Bradley Brandon-Cross, Rubicon’s joint chief executive. “Combining high quality first notification of loss, technical claims handling, recoveries and inspection services, Rubicon Claims will provide our clients with a benchmark end-to-end claims solution and become the market leader in motor claims management. We intend to develop centres of excellence throughout our business process outsourcing division, and this acquisition enables us to accelerate that process.”
Gordon Smith adds: “My team are delighted to join The Rubicon Corporation, and are enthused by the drive and commitment within the business to developing full service administration platforms that will set standards for others to follow.”