CCC Information Services Acquires UK Insurance Division
25 June 1998
CCC Information Services Acquires UK Insurance Division of Carter and Carter LimitedPhillip Carter Will Join CCC to Lead European Initiative CHICAGO, June 25 -- CCC Information Services Inc. , the leading provider of solutions to the automotive claims industry, and Carter and Carter Limited today announced CCC's acquisition of Carter and Carter's United Kingdom insurance division. Called CCC International, the new subsidiary will be the launch point for CCC's European initiative. Phillip Carter, founder and managing director of Carter and Carter Limited, will become the managing director of CCC International, joining the CCC Information Services Chicago-based executive management team. In the new overseas market, CCC International will build upon Carter and Carter's foundation of claims consultancy and expertise. "We believe our current client base and knowledge of the European claims process will be instrumental in effectively introducing CCC's value-added software, information and processing tools into this market," commented Mr. Carter. CCC's European business includes a claims outsourcing capability that will re-engineer the auto claims process to improve customer service while reducing claim costs. The product launch will begin with a number of Carter and Carter's existing strategic partners in the automotive claims environment. "I am really eager to get the European initiative underway," said David Phillips, Chairman and CEO of CCC. "We've spent the last 18 months evaluating the European market and decided to focus first on the UK opportunity. This market, we believe, will be receptive to the fundamental change represented by our products and technologies. "We have worked with Phil Carter on a number of occasions and are excited about him joining our management team," Mr. Phillips added. Carter and Carter Limited is one of the UK's leading automotive training and consultancy organizations, with offices worldwide and a client base that extends across the collision repair and insurance industries. CCC Information Services Inc., headquartered in Chicago, Ill., is the automotive claims industry's leading supplier of advanced software and communications systems. Its value-added, technology-based products and services increase efficiency and facilitate communication among more than 13,000 collision repair facilities, 350 insurance companies and a range of business partners. For more information about CCC Information Services Inc., contact Peter Duckler of HLB Communications at 312-649-0371.