ISG awarded Georgian Consultancy Contract

LONDON, UK, 8th January 2008 -  Independent Services Group Limited (“ISG”) the London based Insurance and Reinsurance Consultancy and Service Provider is pleased to announce that ISG has been awarded a consultancy contract assisting the Georgian insurer IMEDI L International (“IMEDI L”) based in Tbilisi. This project forms part of the Institutional Development Programme, sponsored by the European Bank for Reconstruction and Development (“EBRD”).

ISG’s project leaders are Stephanie Mocatta and Richard Whatton, who will be working alongside other members of the ISG team.  Richard Whatton said “We are extremely pleased to have won this high profile assignment to help IMEDI L in Georgia.  We look forward to working in the Georgian insurance market and utilising our skills and experience to assist IMEDI L in developing their market position.”

ISG’s CEO Nick Readings added “I am extremely delighted that our team has extended ISG’s offering to this dynamic territory and look forward to building on this platform in the future.”

IMEDI L is the fourth largest insurance company in Georgia. The EBRD recently purchased a 34% stake in IMEDI L, the remaining shareholders are Georgian.

Richard Whatton and Stephanie Mocatta joined ISG in June 2007 both to develop further the high level consulting practice and also to acquire distressed insurance entities in the USA and 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.