Diversification Is Key to SelmanCo Growth in Fractured Market

"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.

Jeremy 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.