FDI Group to Partner with East Credit and Safety Insurance Brokers in China

Combination Will Create Turn Key Insurance Solutions For Life, Health and Property and Casualty Insurance Companies in China.

Novi, Michigan, October 15, 2007 – FDI Group, a Novi, Michigan based insurance services company, announced today they have formalized their partnership with East Credit and Safety Insurance Brokers “ECS”, Beijing, China. This collaboration will focus on development of insurance products and administrative tools for insurance companies and private business in China. The combined strength of ECS’s excellent reputation as a leading insurance broker in China and FDI Group’s vast experience in multiple lines of insurance will make for a dynamic team. 

The ECS / FDI Group partnership will focus on introducing plans for Long Term Disability, Medical Insurance for Expatiates, Supplemental Health Insurance programs for the Domestic Chinese consumer and Alternative Risk Solutions for Property and Causality Insurance. Additionally, ESC / FDI Group will provide turnkey Information Technology Systems and Third Party Administrative service. 

“We believe it is a great privilege for FDI Group to have the opportunity to partner with such an outstanding company such as ECS. The insurance market in China is the right place and this is the right time for FDI Group to enter into the Chinese Insurance Market. We understand that the insurance market in China is filled with opportunity and remains very competitive. We welcome the chance to compete in this great market,” said Mark B. Churella, President and CEO of the FDI Group of Companies. “I’m confident that with this partnership we’ll have the flexibility and resources necessary to pursue our goals of introducing best in class insurance products and services in China.”

About East Credit and Safety Insurance Brokers “ECS”

East Credit and Safety Insurance Brokers Company Limited (ECS), based in Tianjin Binghai District, is a nationwide insurance brokerage company approved by the China Insurance Regulatory Commission (CIRC) in October 2004.

We have built a nationwide network, enabling us to deliver services around the country with support from local experts, and left footprints in cities such as  such as Tianjin, Beijing, Shanghai, Shenzhen, Fujian, Chengdu, Dongguan and Taiwan.

ECS designs seamless and innovative solutions for insurance placement and administration, financial optimization and financing, human resources management, and risk consulting to better serve our clients. With the help of our worldwide network, ECS is not only able to integrate abundant resources to select the most suitable insurers/re-insurers and professional services institutions, but also introduce new risk management, insurance and financing products to improve clients’ business competitiveness.

“The collaboration of FDI and ECS will greatly impact the Chinese insurance market. As you all know, China is one of the fastest emerging countries with great ambition to become a good international partner,” said John Chen, ECS.  “A healthy insurance industry is one of the fundamentals that will allow China to become a modern country.”

China’s insurance industry is very much in her infancy. FDI's 50 years of experience and comprehensive capability will be of great benefit to the Chinese market. Although ECS is only a three-year-old company, Mr. Yang Jar Ho, one of the founders, was the top executive from PICC with profound knowledge and connections in the Chinese insurance industry. Mr. Wang Tien Nan another partner is a very successful businessman with great government connections.

John Chen is a Chinese American, ex-US major oil company executive and strategist for both US and Chinese major oil companies for the past 12 years. We deeply believe the great efforts from both FDI & ECS will produce the products and services that Chinese insurance companies will appreciate for now and many years to come. More importantly is that the Chinese people will be better served.