Informa Insurance News 24
ZURICH SELLS CLAIMS MANAGEMENT UNIT
Zurich Financial Services has sold UK-based Claims Management Group Ltd (CMGL) to Sovereign Capital Partners and the management of CMGL for an undisclosed sum. CMGL, which provides outsourced claims management and portfolio administration services, will continue to manage insurance and reinsurance portfolios on behalf of Zurich Financial Services. It had revenues last year of about £41m.