4th Apr 2014 08:58
LONDON (Alliance News) - Quindell PLC Friday said it has won a new three-year outsourcing contract with Hawkwell Motor Insurance Company.
In a statement, Quindell said the contract, which begins in April, will see it provide an end-to-end claims service for Hawkwell, including first notice of loss, policy validation, repair, mobility, and legal services for both claimant and defendant.
The financial details of the deal weren't disclosed.
Managing general agent, Hawkwell Motor Ltd, based in the City of London, is targeting brokers across the UK and Northern Ireland and specialises in private car, commercial vehicle and taxi insurance, Quindell said.
"This contract win is another example of how our market leading model resonates within the insurance industry. Our innovative technology and integrated supply chain for insurance continues to stamp down the cost of claims whilst above all improving the customer experience for the brands who choose to partner with us," Rob Terry, Quindell founder and executive chairman, said in a statement.
Quindell shares were Friday quoted at 37.869 pence, up 3.0%.
By Samuel Agini; [email protected]; @samuelagini
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Quindell