Acquisition of Syncorp and Syncorp (Bermuda) 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 III LLC,  has purchased 100% of the stock of Syndicate and Corporate Management Services Inc (“Syncorp”), a New York domiciled service company and its subsidiary, Syndicate and Corporate Management Services Limited (Bermuda) (“Syncorp Bermuda”).

Stephanie Mocatta said “This acquisition of both Syncorp and Syncorp Bermuda, following our previous purchases in Louisiana and New York, significantly reinforces our base in the USA and also provides us a platform for growth in Bermuda.”

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.