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Innovation - Two contracts worth Â£4m

May 2009

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Ahead of H1 results, TIG put out two marvellous bits of news comprising two contract wins and an update on trading. The two contracts, both for Innovation Insurer, are expected to be worth Â£4m over three years. The first is with a â€œleading European car manufacturerâ€ for accident management services in the US, worth an estimated $1.5m over three years. The second is with â€œa leading fleet management services companyâ€ and is to provide vehicle maintenance and repair services, worth an estimated Â£3m over three years.Clearly these contracts will help bulk up parts of TIG's business in future years but earlier wins will already lead to a significant increase in sales and profits for H1 results, which are due on 7 May. TIG ...

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Scott Wilson

Eaga

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