Tata Consultancy Services bags deal worth 600 million British pounds

Tata Consultancy Services has expanded its partnership with UK-based client Phoenix Group in a 600 million British pound deal. Under the terms of the agreement, TCS will digitally transform the reinsurance business of the London-based insurer's long-term savings and retirement provider using its TCS BaNCS-based platform, according to Wednesday's filing. Phoenix Group acquired life insurance provider ReAssur in 2020, and has now tied up with TCS to drive synergies and enhance customer experience for ReAssur's policyholders.