Acquisition of Paladin Reinsurance Corporation by ISG

LONDON, UK, 16th April 2009 – Independent Services Group Limited (“ISG”) the London based Insurance and Reinsurance Consultancy and Service Provider is pleased to announce that ISG’s subsidiary, ISG Acquisition I LLC, has purchased 100% of the stock of Paladin Reinsurance Corporation (“Paladin Re”), a New York reinsurance company, following approval of the New York Insurance Department.

Stephanie Mocatta said “We are extremely pleased to make this step forward in our plans for growth in the USA.  We have worked closely with the previous shareholders of Paladin Re and the New York Insurance Department on this transaction and would like to thank them for their help and co-operation.  Following on from our acquisition in August 2008 of Americas Insurance Company, based in Louisiana, this significantly strengthens our position in the US.”

ISG is a London based independent consulting and services provider to the insurance and reinsurance sector.  ISG’s offerings include strategic reviews and implementation, balance sheet and process re-engineering, capital and solvency management, change and operational management spanning financial, technical, underwriting, claims and IT services for all businesses from new start ups through to established businesses and run-off portfolios or companies.