Acquisition of Shared Services Insurance Group by ISG
LONDON, UK, 21st December 2009 – Independent Services Group Limited (“ISG”) the London based (Re)insurance Service Provider and Acquirer is pleased to announce that ISG’s subsidiary, ISG Acquisition IV LLC, has purchased 100% of the stock of Shared Services Insurance Group (“Shared Services”), a Pennsylvania insurance company, following approval of the Pennsylvania Insurance Department.
Stephanie Mocatta said “This is our fifth acquisition in the USA and we are pleased to have been able to work with the Commonwealth of Pennsylvania Insurance Department on this transaction. We will work professionally and efficiently to complete the run-off of this company. We look forward to further US acquisitions in the near future”
ISG is an Independent Service Provider and Acquirer in the (re)insurance sector. With offices in London and the USA, ISG offers Broking, Run-off, IT and Consultancy services to both the Live and Discontinued markets. Since the beginning of 2008 ISG has acquired four companies, Americas Insurance Company, Paladin Reinsurance Corporation, Syndicate and Corporate Management Services Inc. and Syndicate and Corporate Management Services Limited (Bermuda). Additional information about ISG can be found at our website – www.isgrp.co.uk
Contact information:
Mark Taylor
T: 020 7954 4319
F: 020 7702 9011
Independent Services Group
9 St Clare Street,
London,
EC3N 1LQ