<< Back to Research archive

Published on: November 25, 2021

Significant claims contract agreed

Anexo, a specialist integrated credit hire and legal services provider, has today announced a significant agreement with UK-based broker MCE Insurance, which will provide an additional revenue stream to Anexo through offering post-accident claims services to MCE’s non-fault insurance customers. This is the first time Anexo has diversified away from its traditional ‘direct capture’ business provided through 1,100 introducer garages, and we view this as a valuable complementary revenue stream to the direct capture business. The agreement will lead to a significant uplift in the number of vehicles on the road, and the number of cases handled by Bond Turner. We are not revising our revenue estimates at this point, however Anexo expects the agreement to have a materially positive impact on revenues and to enhance earnings from FY 2022.

Related Content