Welcome!

News Feed Item

Selman & Company Announces Two Acquisitions

CLEVELAND, April 14, 2014 /PRNewswire/ -- Selman & Company, a leading insurance administrator with customers throughout the fifty states, the District of Columbia and Canada, today announced two acquisitions: all of the business and assets of Association & Society Insurance Corporation (ASI) and the life and accident insurance administration business of MAI Services Corporation.

"These additions give us significantly greater insurance market volume, strengthening our offerings for both our longstanding customers and those who are now joining us," said David L. Selman, President and CEO. "We will now offer even greater diversity of products and services to an ever growing variety of prospective clients."

Selman & Company provides insurance marketing and administrative services to Associations, Credit Unions, Banks, Employers and Insurance Companies and has now successfully made a total of ten acquisitions in its +30 year history. These latest transactions, along with continued strong organic growth, will more than double the total amount of insurance premium Selman & Company has under administration from $73 million in 2012 to $155 million. It last acquired the Life & Health Insurance Business of PICA Group Services of Nashville, Tennessee in 2011.

Based in Rockville, Maryland, ASI is the leading third-party administrator in the marketing and administration of Tricare Supplement insurance plans. It is highly regarded for its specialized supplemental health programs for retired veterans and the eligible dependents of disabled veterans and veterans who died in the line of duty. Eight of the top ten top national defense contractors and many state and local governments rely on ASI to provide supplement health benefits to their employees who are retired military veterans. Its 65 employees, who continue to serve from their Rockville offices, also provide insurance coverage through a number of national military retiree associations.

MAI Services Corporation is based in Cuyahoga Falls, Ohio and it continues to serve as a broker of property & casualty and life & health insurance programs for Credit Unions and their members and community banks and their customers. Selman & Company will continue to work with MAI in providing life and accident insurance administration to over 60 credit unions and over 100 community banks.

About Selman & Company

Based in Cleveland, Ohio, Selman & Company has marketed and administered life & health insurance products to members of associations and affinity groups, customers of financial institutions, and employees through their employers for over 30 years. Selman & Company is among the largest privately held firms in the nation with focus on the markets in which it serves. Visit us at www.SelmanCo.com

About Association & Society Insurance Corporation

Based in Rockville, MD, ASI is a leading provider of TRICARE, TRICARE Reserve Select, and CHAMPVA supplement plans for individuals and families. They have been serving the military retiree community since 1975 and have built a reputation for excellence through their plans and their partnerships with various military associations.

About MAI Services Corporation

Based in Cuyahoga Falls, OH, MAI provides insurance based products and services to Financial Institutions and their members and customers. Founded in 1977 MAI provides Credit Unions services that generate loans, increase asset quality, provide fee income and strengthen member relationships.

Contact:
Christina Morse
(440) 646-9336 x225
[email protected]

SOURCE Selman & Company

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.