Hints and tips:
...The London-based company, which provides back office functions for insurance claims settlement and fund administration, said it had opened its books to both bidders to allow them to do due diligence....
...It already provides back-office services such as underwriting, claims, reinsurance and accounting to insurers — including a 10-year, £187m contract with the insurance broker Marsh....
...Outsourcing company Capita says it has made an approach to back office specialist Xchanging at 160p per share....
...BP has said it is prepared to defend itself against claims by the US government, the Gulf states and private plaintiffs over the disaster, which occurred when a well it was drilling blew out, killing 11...
...The group, whose operations include processing insurance claims for Lloyd’s of London, said it had agreed a four-year £75m revolving credit facility, as well as a £20m loan, priced at 325 basis points above...
...- Xchanging loses BAE Systems HR contract — statement. - Homerserve claims to have received detailed feedback from the FSA; expects £10m annual hit from staff retraining – statement....
...Xchanging’s principal US business provides employee compensation, claims-handling and medical management services to a number of leading US businessses....
...Xchanging, whose operations include processing insurance claims for Lloyd’s of London, is midway through a cost-cutting programme after losing three quarters of its market capitalisation since July....
...Among small caps, outsourcer Xchanging lost 8.2 per cent to 64½p after BAE Systems said it would not renew a human resources contract when it expires at the end of 2012....
...But analysts said key questions remained about the future of Xchanging, which processes insurance claims for Lloyd’s of London and has lost three-quarters of its market capitalisation since July....
...Shares in Xchanging, which floated in 2007 at 240p a share, fell 60½p to 56½p after the company that processes claims for the London Insurance market warned that it would miss analysts’ expectations for...
...He now works for Xchanging, a London-listed business process outsourcer (BPO), managing foreign insurance claims at a facility in Shimoga, just 22km from his native village....
...Xchanging has cautioned that business process outsourcing, seen as accelerating in a recession, may not be immune to the damaging effects of a downturn....
...But perhaps those standing the best chance of bucking the trend are outsourcing providers that claim they can help cash-strapped clients tighten their belts....
...The lessons of Absa for an ABN deal If the outcome of Barclays’ acquisition of Absa is as “discouraging” as South Africa’s central bank governor claims, then it is the kind of profitable setback that John...
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