SOURCE: Xchanging

April 28, 2010 02:08 ET

IAN BEATON JOINS XCHANGING CLAIMS SERVICES AS NON-EXECUTIVE DIRECTOR

To represent the Lloyd's Market Association on the Board of Xchanging Claims Services

LONDON--(Marketwire - April 28, 2010) - The Board of Xchanging Claims Services (XCS) is pleased to announce that Ian Beaton has been appointed as the Lloyd's Market Association's (LMA) representative to be a Non-Executive Director of XCS.

Xchanging's Insurance business is an established provider of business processing, products, services and software in the international commercial insurance markets. With over 300 employees, XCS has one of the largest concentrations of commercial claims management expertise in the London Insurance Market. It is one of the largest claims service providers in the world.

Ian's appointment commences with the XCS board meeting in June 2010. Ian is the CEO of Ark Syndicate Management Ltd. Ark Syndicate manages Syndicate 4020 at Lloyd's, underwriting a diversified and balanced portfolio of reinsurance and insurance business.

Speaking on Ian's appointment, Paul Swain, Non-Executive Chairman of XCS said, "I am delighted to welcome Ian to the board of XCS. His sharp analytical mind will be invaluable in helping to plan the company's evolution, and his objective market perspective will ensure that the business develops in ways that satisfy our customers' needs".

David Gittings, CEO of LMA commented, "Ian's breadth of experience is ideal to represent the Lloyd's underwriting community and he is a welcome addition to the XCS Board on behalf of the market".

Commenting on his appointment, Ian said, "I am delighted to be joining the XCS board and very much look forward to working with the XCS team to further strengthen the relationship with their customer base".

For further information, please contact:

Xchanging

Meeta Thareja
Tel: +44 (0)20 7780 5374
meeta.thareja@xchanging.com

Cardew Group
Tel: +44 (0)20 7930 0777
xchanging@cardewgroup.com

About Xchanging

Xchanging is one of the largest and fastest growing business processors. With a wide range of multinational customers in 42 countries and employing over 8,000 people, we are a truly global company. Our aim is simply to provide business processing services better, cheaper and faster.

Xchanging provides procurement, accounting, human resources and technology services across industries. These include banking, insurance, manufacturing, retail and real estate among others. We combine functional expertise with deep industry domain knowledge to provide industry-specific outcomes for our customers.

Listed on the London Stock Exchange in 2007, the company is in the FTSE250, the index of mid-capitalised companies traded on the London Stock Exchange. Xchanging is also a member of the FTSE4Good index which measures the performance of companies that meet globally recognised corporate responsibility standards.

www.xchanging.com

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