Insurance Post

Takeover - Xchanging takes control of RebusIS

Xchanging has announced that it has acquired insurance technology provider RebusIS for an undisclosed sum.The new combined group will now have total revenues of around $360m and will employ 1800 people in the UK, US, Bermuda, continental Europe, India, Malaysia and Thailand.According to Xchanging the deal will enable it to develop further into the global insurance market and to offer an expanded range of products and services with the addition of those offered by RebusIS.Before the takeover