Misys general insurance future lies in the balance

Misys General Insurance (MGI) looks set to face an uncertain future after its parent company said it would sell the general insurance software business.

MGI, which includes the Countrywide broking network as well as the software house, is to have its shareholder value realised, but no outcome is expected before three to six months.

The company said the move was due to Misys wanting to focus on its core areas of banking and healthcare, and stressed the sale would not impact its 27,000 software