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News

Diversification Is Key to SelmanCo Growth in Fractured Market

by Angela Arnold on February 7, 2017

"The key to growth has been diversification. And that remains a theme behind its most recent acquisition as [Selman & Company] keeps its sights fixed on claiming a larger share of a fragmented market." Read the Crain's Cleveland article featuring an interview with David Selman.


 

CrainsArticle.pngJeremy Nobile, of Crain's Cleveland Business spoke with Selman & Company president and CEO, David Selman. They discussed the recent acquisition of Vision Financial Corporation as well as insurance market trends.

Recent "acquisitions increased [SelmanCo's] insurance premium under administration by nearly 30% to $155 million from $120 million — and the Vision Financial deal grows that figure to $300 million," writes Crain's.

Read the full article to learn: 

  • Why the timing of the purchase mattered
  • How Vision's unique services in the marketplace boost Selman's capabilities
  • Why insurance administration companies are under pressure to make technology upgrades

If you have questions about the deal and its significance in the market, please contact us.

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