Concordis Group, Inc. Outlines Value of Alternative Risk Management

DESTIN, Fla., Nov. 16 /PRNewswire-FirstCall/ -- Concordis Group, Inc. (Pink Sheets: CNGI - News), a growing financial holding company, outlined today the value businesses, organizations and affinity groups can achieve with Alternative Risk Management. With the persistent economic stresses of 2009, most every business is looking for ways to lower expenses. Alternative Risk Management solutions provided by Concordis Insurance SPC will allow businesses to better manage and finance their corporate risk."By inviting clients to participate in our alternative risk financing programs, Concordis will provide its clients with the benefits of risk participation without the costs, time, administration and infrastructure requirements usually associated with traditional methods," said Trent Sommerville, CEO and Chairman of Concordis Group, Inc. "These benefits can save our clients tens of thousands of dollars per year."Mr. Sommerville continued, "Considering the significant challenges posed by the current climate, we are encouraged by our recent acquisition of Concordis Insurance SPC and strategic partnership with Insurance Office of America. We remain focused on exploring avenues for continued progress and synergistic growth."About Concordis Group, Inc.Concordis Group, Inc. is a diversified holding company that provides investment brokerage services and business insurance products for its clients. The company provides these products and services through its two wholly owned subsidiaries: Concordis Insuran...
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Concordis Group, Inc. Forms Partnership With Insurance Office of America

DESTIN, Fla., Nov. 12 /PRNewswire-FirstCall/ -- Concordis Group, Inc. (Pink Sheets: CNGI - News) announced today it has formed a strategic partnership with Insurance Office of America (IOA). IOA will assist the company in expanding its Alternative Risk Management insurance division (Concordis Insurance SPC) by providing sales and consulting services, negotiate and manage claims, secure a fronting insurance company, as needed, for the individual cells within the division and other administrative services. Trent Sommerville, CEO and Chairman of CNGI stated, "We are very pleased to have such a great company joining our team. With our recent completion of all regulatory requirements, this partnership continues to strengthen our infrastructure and provide valuable experience as we move forward."Concordis Insurance SPC will provide its clients with the benefits of owning an alternative risk management insurance company without the cost, infrastructure requirements or the need for administration. These benefits can save tens of thousands of dollars per year, plus the long-term tax benefits can be substantial.About Insurance Office of AmericaIOA is a privately held, full-service insurance agency founded in 1988 and is one of the fastest-growing independent agencies in the U.S. It is Florida's largest privately-held insurance agency and the home office is located in Longwood, FL with 23 branch offices reaching eight states from coast to coast.About Concordis Group, Inc.Concordis Grou...
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Concordis Group, Inc. Announces Acquisition of Concordis Insurance

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