March 14, 2008 - Colemont Rus Insurance Brokers Limited was granted a license from the Ministry of Finance of the Russian Federation on 25 December 2007.  Having initially set up a representative office in Moscow in July 2006, Colemont Rus Insurance Brokers Limited will now be able to offer a full range of insurance and reinsurance services.

Alla Giddings, Chairperson of Colemont Rus Insurance Brokers Limited is responsible for developing and growing Colemont's operation in Russia and other parts of the Former Soviet Union.

"Our goal is to work with our clients to develop quality products and establish lasting relationships based on trust, service and mutual understanding", said Alla Giddings.

Prior to joining Colemont, Alla Giddings served as a Senior Vice President of the Marine & Energy Practice of Marsh Inc, where she was responsible for business development in the Former Soviet Union.  Alla holds a BA in Economics and International Trade from New York University as well as a MBA in Insurance Management from the College of Insurance, New York.

Irina Bakanova has been appointed General Director of Colemont Rus Insurance Brokers Limited.  Prior to joining Colemont, Irina was the Chief Operating Officer of TIT Insurance Company and was in charge of strategic development of insurance business.  Irina is a graduate of the Moscow Academy of Economics & Law and has a degree in Economics, Finance and Credit.

"Colemont's solid, long-term portfolio of FSU clients proves that we have taken the right approach.  We have achieved the specialised knowledge necessary to establish a successful broking activity in the region", said Irina Bakanova.

Surinder Beerh, Chief Executive of Colemont Global Group said, "I am delighted that we have been granted a license to operate as an insurance and reinsurance broker in the Russian market.  This demonstrates our commitment in what is a very important and growing region for Colemont".

Colemont Rus Insurance Brokers Limited is part of Colemont Global Group and backed by Colemont Corporation, the parent company of Colemont Insurance Brokers, 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 $1.3 billion in gross premium volume last year.  Learn more at www.colemont.com/global.