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| Symbol: |
CNGI |
Website: |
www.concordisinc.com |
| Exchange: |
Pinksheet |
Shares outstanding
(approx): |
TBA |
| Industry: |
Insurance |
Public Float (approx): |
TBA |
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| Company
Profile |
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Concordis Group, Inc. is an emerging growth company that provides
business insurance solutions through its two wholly owned subsidiaries:
Concordis Insurance SPC and Concordis Capital, Inc.
Concordis Insurance SPC(CISPC), a Cayman Island corporation, is a captive insurance company that specializes in structuring and managing alternative risk management solutions for mid-market companies.
Concordis Capital, Inc.(CCI), a Florida corporation, provides captive cell funding for CISPC, other businesses and organizations.
Simply stated, a captive is an insurance company that insures the risks of its owner, affiliated businesses or a group of companies. It issues policies, collects premiums and pays claims. Some of the largest insurance companies in the world started as captives.
The Company, headquartered in Miramar Beach, Florida is an emerging growth company that provides business insurance and alternative risk solutions to mid-market companies, associations and other organizations.
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| Why ? |
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In recent years, the growth of captive insurance and related risk transfer mechanisms has boomed, driven by businesses seeking to better manage insurance needs, including cost, coverage, service and capacity.
Over 45% of major U.S. corporations own one or more captives.
In January 2009 Puritan Financial Group, Inc., as the company was called, was essentially a dormant company. On January 2, 2009 a new Board of Directors was elected and the Board appointed Trent S. Sommerville as the Company’s Chairman and Chief Executive Officer.
On January 23, 2009 the Board approved a reverse merger of Puritan Financial Group, Inc., a New York corporation into Concordis Group, Inc., a Maryland corporation. The company continued to trade under its current symbol of PTNG.
The Company’s strategy was to become a captive insurance company providing insurance services to mid-market companies, associations and other organizations.
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| Recent
Developments |
| News |
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| Management |
Trent Sommerville, Chairman, CEO
Nathan Lapkin, Dir., CFO
Jerry Gruenbaum, Dir., COO, Secretary
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| Contact
Info |
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11714 Emerald Coast Pkwy.
Suite 501
Mirimar Beach, FL 32550
Ph: (850) 837-0025
Fax: (850) 293-3734
www.concordisinc.com
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