Mills & Reeve Acquires SiS, Elevating Claims Handling Services
Deal News | May 07, 2025 | Mills and Reeve
Mills & Reeve has announced the acquisition of SiS, a well-respected claims handling business spearheaded by Neil McManus and Richard Bedford. This acquisition is strategic for Mills & Reeve as it marks the extension of their insurance services, specifically in offering comprehensive claims handling services to their clientele. The transition will see SiS remain independently operated under the leadership of McManus and Bedford, ensuring continuity while leveraging the enhanced resources and scalability under the Mills & Reeve umbrella. The move not only aims to provide dedicated claims handling services but also to solidify and expand Mills & Reeve's footprint in the insurance sector. Key players like Niall Innes from Mills & Reeve acknowledged that claims handling has been a long-anticipated service addition, lauding the credibility and expertise brought by SiS. Meanwhile, Richard Bedford from SiS expressed enthusiasm about the acquisition as an opportunity to enhance service delivery to both existing and new clients.
Sectors
- Insurance Services
- Legal Services
Geography
- United Kingdom – Mills & Reeve is a UK-based firm, and the acquisition of SiS takes place within this geographical region.
Industry
- Insurance Services – The acquisition is centered around expanding Mills & Reeve's abilities in insurance services, particularly claims handling.
- Legal Services – Mills & Reeve is a law firm that is diversifying its services by incorporating claims handling into its legal offerings.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Mills & Reeve | Acquiring Company | Company | A UK-based law firm expanding its services into claims handling. |
SiS Claims | Target Company | Company | A renowned claims handling business led by Neil McManus and Richard Bedford. |
Neil McManus | Leader of Target Company | Person | A leader within SiS who will continue to manage the company post-acquisition. |
Richard Bedford | Leader of Target Company | Person | Director at SiS who will continue to manage the company post-acquisition. |
Niall Innes | Partner at Acquiring Company | Person | Partner at Mills & Reeve who commented on the strategic benefits of the acquisition. |