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IMAC acquires niche insurance brokerage firm Specialty Service Solutions, LLC

Eddie Klayman
Eddie Klayman of IMAC

RANDOLPH, MASSACHUSETTS and CHICAGO, ILLINOIS… 

Randolph, Massachusetts-based International Marketing and Administration Company (IMAC) recently purchased Specialty Service Solutions, LLC, a Chicago-based insurance brokerage firm.

 “This acquisition increases the scale of our brokerage business and provides us a proven distribution track for newly written P&C business for our clients,” said Edward Klayman, president of IMAC.

 Specialty Service Solutions provides its brokers and producers access to hard-to-find insurance products. Schools, Camps, Pro Sports, Amateur Sports, Travel Medical coverage in-bound and out-bound, as well as assorted P&C programs such as E&O and Roadside Assist Packages are just some the of standard products Specialty Service Solutions has developed and distributed through its agent base.

Under the new arrangement, current staff and management for Specialty Service Solutions will continue to work out of the Chicago, Illinois office as an official subsidy of IMAC.

“We’re very excited about 2012 and the main reason is our integration with IMAC,” said

Steven J. Ferguson, president of Specialty Service Solutions. “Providing Accident, Health and Sickness solutions as well as the new P&C options we can offer to the IMAC client base should help us create a one-stop shop for the clients we now service on a combined effort.”

IMAC creates direct response marketing programs for banks, insurance brokers and financial institutions and associations looking to reward customers, clients and members with discounted insurance products as a benefit.  IMAC works with a number of top rated, A or better AM Best insurance carriers as well as non- insurance service providers to deliver an outstanding experience for the client.  

Outside of the financial institution marketplace, IMAC also offers programs for associations, non-profit and otherwise. A sampling of those programs includes “US Advantage Plans”, “Yo Fi Wellness”, “InsurIQ” and the “COOL LTC” plan.

For complete information on IMAC and their marketing programs, visit www.imaco.com.   

About IMAC

Founded in 1994, IMAC was the brain trust of insurance company executives with many years of experience in mass marketed coverage. IMAC specializes in mass marketed insurance products, through traditional enrollment channels as well as alternative methods such as web and phone. IMAC provides brokers, financial institutions and associations with effective insurance programs to offer their clients, customers and members. For more information on IMAC and its programs, visit www.imaco.com or call 781-963-2269.

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Community Bankers Association of Ohio selects IMAC to run customer appreciation program offering for Ohio community banks.

RANDOLPH, MASSACHUSETTS and COLUMBUS, OHIO…

Randolph, Massachusetts-based International Marketing and Administration Company (IMAC) was recently selected by the Community Bankers Association of Ohio (CBAO) to offer customer appreciation programs to the association’s community bank members.

IMAC works with a number of top rated, A++ AM Best insurance carriers to develop effective customer appreciation programs designed specifically for financial institutions. These innovative customer appreciation programs not only build customer loyalty, but reward participating institutions with recurring fee income while costing them nothing to implement.

“We’re extremely excited about the opportunity to work with CBAO and its member banks,” said Eddie Klayman, President of IMAC. “We have a long track record of running successful customer appreciation programs for everyone from banks to mortgage companies. We look forward to continuing that success with CBAO.”

Founded in 1974, CBAO is organized to establish and maintain an informed network of independent community banks in the state of Ohio. CBAO offers its members:

  • Representation of the community banking industry in the state of Ohio to state and federal governmental officials, the press and the public;
  • Promotion, presentation and advancement of education to officers, directors and other personnel of independent community banks in pursuit of high ethical standards and superior business practices in banking operations; and
  • Research and development of opportunities where members can benefit from the pooling of financial and human resources in order to gain economic and competitive advantage.

“We’re very excited about 2010 and one of the reasons is our partnership with IMAC,” said Robert L. Palmer, President and CEO of CBAO. “Making these types of customer appreciation programs available to our members helps level the playing field a bit in competing with larger, regional and national banks.”

A sampling of the programs offered by IMAC includes “thank you” AD&D, life insurance, and customized direct marketing plans. For complete information on IMAC’s customer appreciation programs and programs for financial institutions, visit www.imaco.com. For more about CBAO, visit www.cbao.com.

About IMAC

Founded in 1994, IMAC was the brain trust of insurance company executives with many years experience in mass marketed coverage. IMAC specializes in mass marketed insurance products but provides alternative enrollment options as well such as internet and phone enrollments. IMAC provides brokers, financial institutions and associations with effective insurance programs to offer their clients, customers and members. For more information on IMAC and its programs, visit www.imaco.com or call 781- 963-2269.

About CBAO

Community Bankers Association of Ohio (CBAO) exclusively represents community bank and thrift institutions in Ohio who serve their communities through 1,370 locations and 16,390 employees, with more than $65 billion in assets, $52 billion in insured deposits and over $47 billion in net loans.

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