News
COOPER GAY Signs Outsourcing Contract with Xchanging
04 Aug 2008
London, 4 August 2008 – In line with its stated business objective of continually striving to offer its clients the highest level of service, Cooper Gay & Co Ltd., the independent London based insurance and reinsurance broking company, has entered into a business process outsourcing agreement with Xchanging, the international business processor.
Cooper Gay will outsource specific back office functions within the accounting & settlement, claims and technical processing areas of the UK business to Xchanging, whilst client facing roles will remain within Cooper Gay. Some 66 posts will transfer to Xchanging with immediate effect.
Jim Summers, Chief Executive of Cooper Gay & Co. Ltd. said, "Xchanging offers an innovative and scalable service delivery model that will support our future growth strategy and deliver sustainable process efficiencies. The choice of Xchanging as our partner was also heavily influenced by its expertise in the London insurance market."
Clive Buesnel, Xchanging's Global Partnering Director, said: "We are delighted that Cooper Gay has chosen our processing platform. We will provide Cooper Gay with a modern global infrastructure with pricing flexibility and economies of scale to meet their current and future business needs."
About Cooper Gay
Founded in 1965, Cooper Gay is one of the world’s leading independent insurance and reinsurance intermediaries. Headquartered in London, and operating at Lloyd’s, the Group has a global network and truly international reach with more than 20 offices operating from countries across the Americas, Europe, Asia and Australasia.
Additional information may be found at www.coopergay.com
About Xchanging
Xchanging is a fast-growing international, pure play business processing company with blue-chip customers. Xchanging provides complex industry specific processing to the banking and insurance industries and procurement, finance and accounting, and human resources services to customers across industries.
For further information please contact:
For Cooper Gay:
Ian Barrett
FWD PR
Office: +44 20 7623 2368
Mobile: 07798 898277
Email: ian.barrett@fwdpr.co.uk
For Xchanging:
Angus Stephenson
13 Hanover Square
London W1S 1HN
Direct Line: +44 (0)20 7780 5721
Mobile: +44 (0)7920 751023
Email: angus.stephenson@xchanging.com