Credit Insurance Broker and Solution Provider, FGI Risk Services, Achieves Record Growth in Q2 of 2010

NEW YORK--(BUSINESS WIRE)-- FGI Risk Services, the leader in optimizing organizations’ credit insurance programs, announced today a record 280% growth in its trade credit insurance brokerage business for the second quarter of 2010. The company attributes this significant growth to the increased demand and success of its TRUST platform which has successfully added over 40 customers in the US, as well as several global financial service organizations. The FGI TRUST platform optimizes credit insurance programs for organizations leveraging credit insurance worldwide.

“We are very pleased with the results of the first quarter, and with the continued market acceptance of the TRUST platform,” comments Fred Voccola, the President of FGI Risk. “To achieve triple digit growth in this economic climate is indicative of the demand for the solution that TRUST provides and the value that TRUST delivers to our customers.”

John Ralston, CFO of Paris Packaging reiterates, “After engaging with FGI TRUST, I was able to triple our coverage while actually reducing our annual premium. FGI TRUST has optimized our credit insurance program and increased our coverage to premium ratio from 24.41% to 86.52%!” Norman Shapiro, of Barex Resources, Inc., further states, “By leveraging the TRUST platform, our policy compliance became fully automated and we’ve successfully received payment on all claims filed since leveraging the TRUST program.”

FGI TRUST is currently optimizing credit insurance programs for over hundreds of organizations world-wide, enabling them to maximize the value and protection of their credit insurance policies.

About FGI Risk Services

FGI Risk Services is a member of the FGI family of companies and specializes in providing businesses with critical risk mitigation solutions. The parent company, FGI, is a leading global conglomerate of financial services firms providing a wide array of commercial finance, risk mitigation, consulting, trade and transactional products and services to firms around the world. To learn more about FGI Risk Services, please visit our website at www.fgirisk.com.

FGI Finance
Lindsay Lambert, 212-248-3400
[email protected]
http://www.fgifinance.com

Source: FGI Risk Services