WNS Wins Contract with Convex Group Limited
July 02 2019 - 10:00AM
Business Wire
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global
Business Process Management (BPM) services, today announced its
strategic contract win with the newly formed $1.8 billion
capitalized Convex Group Limited, an international specialty
(re)insurer based in the UK and Bermuda led by renowned insurance
leaders Stephen Catlin and Paul Brand.
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The Convex Group has appointed WNS as its long-term strategic
partner to build a first-of-its-kind, integrated, “Platform + BPM
as-a-service” proposition across industry horizontals (including
support services relating to Operations for Insurance, Reinsurance,
Claims, Finance and HR). While Convex Group will leverage its
Underwriting and Claims Management Excellence, WNS will provide
processing support with its deep (re)insurance domain knowledge and
track record in the specialty and reinsurance lines of business to
design, build and implement a best-in-class unique target operating
model.
Keshav R. Murugesh, Group CEO, WNS, said: “This is indeed a
proud moment for our combined teams and a culmination of the
focused efforts and collaboration, towards co-creating a unique
end-to-end “Insurance in a Box” product solution and unique value
proposition for the Convex Group. We are delighted to have been
chosen as the strategic partner by the Convex Group and I am
confident that we are going to set new industry benchmarks
together. We look forward to working closely with the Convex Group
to help establish them as a leader in the (re)insurance market and
provide world-class services to their clients and brokers across
the globe.”
Adrian Spieler, Group COO, Convex, said: “Our team at Convex is
excited to be building the “insurance company of the future” free
from legacy systems and processes. We believe WNS has the
operational excellence needed to support the execution of our
business strategy. We are building a platform which is flexible,
scalable and efficient and WNS will be a great partner to support
us on our journey.”
About Convex Convex is a
newly formed international specialty insurer and reinsurer founded
by Stephen Catlin and Paul Brand. With operations in London and
Bermuda, Convex occupies a unique position in the insurance
industry combining unrivalled experience, reputation and a legacy
free balance sheet.
www.convexin.com
About WNS WNS (Holdings)
Limited (NYSE: WNS) is a leading Business Process Management (BPM)
company. WNS combines deep industry knowledge with technology,
analytics and process expertise to co-create innovative, digitally
led transformational solutions with over 350 clients across various
industries. WNS delivers an entire spectrum of BPM solutions
including industry-specific offerings, customer interaction
services, finance and accounting, human resources, procurement, and
research and analytics to re-imagine the digital future of
businesses. As of March 31, 2019, WNS had 39,898 professionals
across 59 delivery centers worldwide including facilities in China,
Costa Rica, India, the Philippines, Poland, Romania, South Africa,
Spain, Sri Lanka, Turkey, the United Kingdom and the United States.
For more information, visit www.wns.com
Safe Harbor Provision This
document includes information which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, the accuracy of
which are necessarily subject to risks, uncertainties, and
assumptions as to future events. Factors that could cause actual
results to differ materially from those expressed or implied are
discussed in our most recent Form 20-F and other filings with the
Securities and Exchange Commission. WNS undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190702005295/en/
Investors: David
Mackey EVP - Finance & Head of Investor Relations WNS
(Holdings) Limited +1 (201) 942-6261 david.mackey@wns.com
Media: Archana Raghuram
Global Head – Marketing & Communications and Corporate Business
Development WNS (Holdings) Limited +91 (22) 4095 2397
archana.raghuram@wns.com ; pr@wns.com CONTACT – Convex Media
Contacts: Media: Becky
Young Haggie Partners - London +44 (0) 20 7562 4444 Becky
Young: becky.young@haggie.co.uk
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