The Independent Services Group story goes back almost a decade. The ISG brand itself, however, only came into existence in 2005 when it was created to provide a unified identity for the various entities within the group.

The first ISG company to come into existence was IMS, which was primarily a consulting organisation specialising in audits and collections services formed from the merger of two smaller firms in 2000. Its operations now come directly under the ISG brand.

ILMS, now wholly owned by ISG, began life in 2000 as a special purpose vehicle set up to handle several portfolios of discontinued business acquired by Creechurch Underwriting Agency Limited, going on to manage the run off of CIGNA Europe Insurance Company S.A.-N.V. (successor to CIGNA Insurance Company of Europe, S.A.-N.V.) ILMS now provides run-off services to a number of (re)insurance companies.

IBS followed in 2004. Originally established to manage part of the run off administration of a U.S. based insurance and reinsurance company, IBS has since evolved into a fully approved FSA broker and Lloyd’s run-off broker.

ISG-IT grew out of ISG’s philosophy of making full use of current information technology to ‘work smarter.’ Incorporated in 2006, ISG-IT has successfully delivered a wide range of IT-related projects in the (re)insurance arena and beyond.

North America has increasingly been the focus of developments for ISG. Having first established a US operation in 2007, we acquired a stake in Louisiana based multi-state licensed homeowners carrier Americas Insurance Company in 2008. Then in 2009 we acquired New York registered reinsurance run-off Paladin Re. We also provide a range of consulting services to US entities locally through ISG Consulting LLC.

ISG has entered into a joint venture with another (re)insurance organisation.  Formed in 2009, SU Vino is a joint venture vehicle providing consultancy services and targeting further acquisitions in the US.