Quindell adds to insurance business with Ai Claims deal

25/01/2012

Quindell Portfolio, a software outsourcing specialist, has acquired 29.9% of Ai Claims Solutions.

The deal with the motor claims management company is the latest move towards developing Quindell’s insurance business, following its recent bid to buy personal injury law firm Silverbeck Rymer.

Rob Terry, chairman and chief executive of Quindell, said: "We are delighted to be announcing this latest strategic investment. Ai Claims Solutions broadens our overall proposition in insurance, legal services and associated medical reports, and accident management.

“We look forward to exploring with the board at Ai Claims Solutions, propositions to provide combined business offerings that will lower the cost of claims for the insurance industry.”

Original Article: Insurance Age