Outsourcing company Xchanging has confirmed the acquisition of RebusIS, a move first revealed by insurance Times in October 2003.
Xchanging said the deal went through for an undisclosed sum, but a report placed the price tag for RebusIS at £40m.
Xchanging said the combined group would have revenues of $360m, and would employ a global workforce of 1,800 following the acquisition.
Richard Houghton, finance director of Xchanging, said RebusIS would form a separate business unit within the Xchanging group under the leadership of Robert Gogel.
Prior to its acquisition, RebusIS was a joint portfolio investment of two leading private equity firms, General Atlantic Partners and Warburg Pincus, said Xchanging.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
