Xchanging says trading performance is "in line" with management expectations

Xchanging has today announced that trading performance for the six months ending 30 June 2007 is in line with management expectations.

Included in its achievements for the six month period, XChanging cited the completion of the delivery of a full insurance processing solution to Lloyd's Reinsurance China Company Limited.

Xchanging also highlighted the confirmation of its plans to jointly launch an ACORD messaging hub with Advisen to all brokers and insurers in the London Market. The messaging hub will support message traffic for placement, endorsements, accounting & settlement and electronic claims, whether in a peer-to-peer or bureau-based trading model.

In its statement, Xchanging described the first half of the year as being " in line with management expectations " and added that continues to see "good levels of activity in the business process outsourcing market" .

Xchanging will announce its 2007 Interim results on 31 July 2007.