Misys General Insurance could be put up for sale after the parent group announced it would be focusing on the banking and healthcare markets.
Group Chairman, Kevin Lomax said: “The board is considering options for realising shareholder value from the company's general insurance business.”
He said that the form the realisation of shareholder value would take was yet to be decided.
Misys General Insurance chief executive Phillip Bell said: “A potential reduction in Misys plc shareholding in General Insurance will not have any impact on the day to day activities of Misys General Insurance. We are essentially an autonomous business, which is a net financial contributor to Misys plc.”
He added: “Additionally a new ownership structure in which the General Insurance business is a core activity, could have a positive impact on the future of Misys General Insurance. A new owner's readiness to make further investments in General Insurance could accelerate benefit to our customers and, hence, the business. I believe this presents an exciting opportunity for all parties involved.”
