November 10, 2008 - Colemont Global Group announced today that the company has expanded its Brazilian operation with the opening of an office in Sao Paulo. Felipe Leão de Moura has been appointed Executive Vice President of the office and will also join the main board of Colemont Brasil.

Felipe joins Colemont having held senior positions with UnibancoAIG Brazil and Willis Latin America. Most recently he was Managing Director of Securitas União. Felipe has many years of experience in marine and energy, construction, transportation, mining and pharmaceutical risks.

"Expanding our activities in Sao Paulo has been a major part of our strategic plan in Brazil, and I am very pleased to welcome Felipe to the Colemont Team," said Surinder Beerh, Chief Executive of Colemont Global Group. "His expertise will be invaluable as we take advantage of new opportunities following the opening of the Brazilian reinsurance market".

"We now have a team of seasoned professionals in Sao Paulo and with Felipe's leadership we are well positioned to become one of the leading insurance and reinsurance brokers in the country," said Eduardo Lucena, Chief Executive of Colemont Brasil.

Colemont Brasil is part of Colemont Global Group and backed by Colemont Corporation, one of the largest specialty wholesale insurance brokers in the United States. Colemont's rapidly growing worldwide operations employ nearly 700 people who together placed $1.5 billion in gross premium volume last year. Learn more at www.colemont.com.

Colemont Global Group
Colemont Global Group is the hub of Colemont's new full service worldwide insurance and reinsurance brokerage network. Established in early 2005 by Colemont Corporation, Colemont Global Group is backed by one of the largest specialty wholesale insurance brokers in the United States. Since its inception, Colemont's global network has rapidly expanded its operations, opening offices in Abu Dhabi, Brazil, Chile, Dubai, Estonia, Finland, Latvia, Lithuania, Miami, Poland, Russia, Spain, Sweden, and the United Kingdom. To learn more visit www.colemont.com/global.