A wholly owned subsidiary of the BT Group, BT Claims, has unveiled plans to convert to an alternative business structure (ABS).
Currently BT Claims handles legal issues relating to the 35,000-strong fleet of BT vehicles. However, plans are under way to roll out the service to other corporates.
In a statement the company said: “We can confirm that BT Claims has submitted an application to begin the ABS process in order that it can offer its expertise to other corporates, insurance companies and brokers who share the same values as it and see this as an opportunity to improve their approach to the way in which they manage claims.”
BT Claims would not offer consumer services, it added. It is not known whether the company will offer white label services to the clients, but the primary focus will be on motor claims for companies with fleets.
A number of firms have announced plans to convert to an ABS since the legislation came into effect in January. Silverbeck Rymer is to be acquired by the Quindell Group, a listed brand consultancy company (24 January 2012) while Russell Jones & Walker has been taken over by listed Australian firm Slater & Gordon (13 February 2012).
The Parabis Group has agreed a £50m cash injection through an investment from private equity house Duke Street to help it fund acquisitions in the market (6 February 2012).