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Concordis Partners Insurance Office of America

IBR Staff Writer Published 11 November 2009

IOA will assist the firm in expanding its alternative risk management insurance division

Concordis Group, a diversified holding company that provides investment brokerage services and business insurance products for its clients, has formed a strategic partnership with Insurance Office of America (IOA), a full-service insurance agency.

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, and secure a fronting insurance company for the individual cells within the division and other administrative services.

Trent Sommerville, CEO and chairman of Concordis Group, said: “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 Group is a diversified holding company that provides investment brokerage services and business insurance products through its two subsidiaries, Concordis Insurance and Puritan Securities.