Insurance News

Selman & Company Announces Acquisition of Pica Group Services Life & Health Insurance Business

Posted on: March 6, 2011

Cleveland, OH — March 1, 2011 — Selman & Company, a leading insurance marketing and administrative services provider, and Podiatry Insurance Company of America announced the completion of Selman & Company?s acquisition of the Life & Health Insurance Business of PICA Group Services of Nashville, T.

?Three of the four markets we serve through the marketing and administration of life, health and related insurance product offerings— Association, Credit Union and Bank will all expand as a result of today?s announcement. In addition, this will, for the first time, take our business outside of the United States as 30% of the acquired operation is in Canada,? said David L. Selman, President & CEO of Selman & Company.

Selman & Company provides insurance marketing and administrative services to Associations, Credit Unions, Banks and Insurance Companies. The purchase plays an important role in the further growth of Selman & Company. This transaction marks the seventh successful acquisition in the company?s thirty year history.

?Following a decade of annual double digit organic growth, it is exciting to leverage our expertise through external expansion opportunities as well,? Selman added.

?We look forward to working together with Selman & Company to provide best in class products and services to the American Podiatric Medical Association (APMA), and are extremely confident they will maintain the great service that all of the PGS clients are accustomed to receiving?, said Dr. Jerry D. Brant DPM, CEO of PICA.

PICA and Selman & Company look forward to working together in providing future service to the American Podiatric Medical Association and their member physicians.

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 http://www.selmanco.com

About Podiatry Insurance Company of America
Based in Nashville, Tennessee, Podiatry Insurance Company of America is the nation?s leading provider of professional liability insurance for podiatric physicians in the U.S. PICA has been protecting and supporting podiatric physicians by providing best in class medical malpractice coverage for thirty years. PICA is rated A ?Excellent? by A.M. Best Company, the leading rating agency for the insurance industry and is a wholly owned subsidiary of ProAssurance Corporation (NYSE: PRA), located in Birmingham, AL, which is the nation?s largest independently traded specialty writer of medical professional liability insurance.

Visit us at http://www.picagroup.com

Contact:
Meghan McDonald
Tel. 1 (440) 573-0037 x308
Fax. 1 (440) 646-9339
mmcdonald@selmanco.com
http://www.selmanco.com

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