Charles Taylor Regulatory News (CTR)

Date: 8 May 2014On behalf of: Charles Taylor plc ("Charles Taylor", the "Company" or the "Group")

Charles Taylor plc

Interim Management Statement

Charles Taylor plc (LSE: CTR), a leading provider of professional services to clients across the global insurance market, today announces its interim management statement covering the period from 1 January 2014 to 7 May 2014 ("the period").

The performance of the Group has been satisfactory for the period covered by this statement.

Professional Services

Management Services - provides end to end management of mutual insurance companies.Our Management Services business has delivered a good performance. The mutual insurance companies managed by the Group are performing well.

Adjusting Services - focuses on adjusting larger and more complex commercial losses.The Adjusting Services business has had a slightly slower start to the year compared with the strong performance in 2013 partly as a result of adverse FX translation effects, but continues to receive a wide range of new high quality instructions throughout its global office network.

Insurance Support Services - provides stand-alone professional and technical services.The small Insurance Support Services business has had a strong start to year and has seen an improvement in the pipeline of potential new business.

Insurers in Run-off

The Group's owned insurance companies continue to run off satisfactorily.

Outlook

Overall the Group is performing in line with our expectations. The Group's performance remains sensitive to the possible earnings impact should the pound continue to strengthen.

Commenting, David Marock, Group Chief Executive Officer, said:

"Charles Taylor has performed steadily over the period. We are making good progress with our growth initiatives and continue to extend the sources of profitable income available to the Group by investing in new staff and services. Already this year we have bedded in OPOL, our new mutual association client, appointed new senior loss adjusters, launched various products and services throughout the Group and secured new clients for our Insurance Support Services business. These initiatives demonstrate our commitment to growing revenue and profit in our professional services business."

ENDS

Enquiries:

Notes to editors

About Charles Taylor Plc

· Charles Taylor plc is a leading provider of professional services to clients across the global insurance market. The Group has been providing services since 1885 and today employs around 1,000 staff in 50 offices spread across 25 countries in the UK, the Americas, Asia Pacific, Europe and the Middle East.

· The Group offers services, principally on a fee-based model and operates through three businesses - Management, Adjusting and Insurance Support Services. Charles Taylor also owns insurers in run-off.

· Further information is available at www.ctplc.com 

Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences are "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements reflect the Group's current expectations concerning future events and actual results may differ materially from current expectations or historical results.