Concordis Group, a provider of business insurance solution, has said that it will develop a new captive insurance cell, which will target the excessive medical costs experienced by mid-market companies.

According to Concordis, the new captive insurance cell will be marketed to small-to-medium size businesses that are looking for ways to control their escalating health care costs.

The new cell is expected to be launched by fourth quarter of 2010.

Trent Sommerville, CEO of Concordis Group, said: “Most small-to-medium size businesses today are very concerned about new government regulations regarding health care and how it affects their business. The program’s structure is designed to allow our clients to better control these costs which ultimately impact their bottom line.

Headquartered in Miramar Beach, Florida, Concordis Group is a holding company that provides investment brokerage services and business insurance products for its clients through its two wholly own subsidiaries including: Concordis Insurance SPC (CISPC) and Concordis Capital (CCI).