CMGL will merge with existing London market operations
Capita Group, the parent company of Capita Symonds, has acquired insurance consultant CMGL for £32m.
CMGL provides professional claims and insurance management services to insurance and corporate clients.
Paul Pindar, Capita chief executive, said: “We 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’s insurance industry.”
For the year ended 31 December 2005 CMGL recorded a turnover of £41.49m and operating profit of £1.23m.