August 8, 2007 – Colemont Global Group Limited continues to strengthen its presence in the Baltic States with the acquisition of one of the top insurance brokers in Lithuania, UADBB Hansa Draudimo Brokeris, from Hansabank.

“This marks an important development in Colemont’s continuing global expansion and completes our presence in the Baltic Region where we already operate from Estonia and Latvia.” said Surinder Beerh, Chief Executive Officer of Colemont Global Group.

Bronius Stankevicius has been appointed Managing Director of Colemont’s new acquisition which will be renamed UADBB Colemont Draudimo Brokeris. He will report to Heiki Nurmeots, the Chairman of the Board of Colemont Eesti Kindlustusmaakler.
“We welcome Bronius and his team to Colemont and will continue to provide effective insurance solutions and first rate customer service in Lithuania,” explained Heiki Nurmeots.

“We are excited about being part of Colemont Global Group,” said Bronius Stankevicius, “and I am sure this will enhance the insurance services we are able to offer our clients in the region.”

Colemont Global Group
Colemont Global Group is the hub for 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 the Brazil, Chile, Dubai, Estonia, Finland, Latvia, Miami, Russia, Spain, Sweden and the United Kingdom. To learn more visit www.colemont.com.