CMGL will merge with existing London market operations

Capita Group, the parent company of Capita Symonds, has acquired insurance consultant CMGL for 拢32m.

CMGL provides professional claims and insurance management services to insurance and corporate clients.

Paul Pindar, Capita chief executive, said: 鈥淲e intend to merge CMGL with our existing London Market operations, which will create significant economies of scale and will help to ensure that London remains at the heart of the world鈥檚 insurance industry.鈥�

For the year ended 31 December 2005 CMGL recorded a turnover of 拢41.49m and operating profit of 拢1.23m.

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