Allied Solutions’ growth prompts addition to executive team
Financial institution distributor’s revenue more than doubles in 10 years
ST. PAUL, Minn.--(BUSINESS WIRE)--David A. Seidel will join Allied Solutions, LLC as executive vice president of sales and marketing. Allied Solutions distributes insurance and related products and services to financial institutions throughout the US. Seidel’s appointment is effective January 1, 2015. He will report to Pete Hilger, president of Allied Solutions.
Seidel joins Allied Solutions from Securian Financial Group, where he started in 1988 as an actuarial associate. He currently is vice president and actuary in Securian’s Financial Institution Group, which provides insurance products and services for financial institutions. He has a bachelor’s degree from the Carlson School of Management at the University of Minnesota, Minneapolis and is a Fellow in the Society of Actuaries and a Member of the American Academy of Actuaries. He recently was elected secretary of the board of the American Bankers Insurance Association.
Seidel has worked closely with Allied Solutions since Securian acquired it in 2004. The subsidiary’s revenue more than doubled over the last 10 years, creating a need to expand its executive management team.
“Dave joins Allied Solutions at a time when it is experiencing rapid growth,” said Pete Hilger. “His proven sales management and executive skills, combined with his familiarity with Allied Solutions, will allow him to make an immediate impact.”
In addition to its spectacular revenue growth, Allied Solutions’ nationwide employment has nearly doubled since 2010 to 916, and the company plans to add 60 more positions by the end of the year. Allied Solutions serves 4,000 financial institutions and Securian is one of the many insurance and service providers it represents.
Allied Solutions distributes Securian’s financial institution products from these subsidiaries – Minnesota Life, Securian Life, Securian Casualty, Cherokee National Life, American Modern Life and Southern Pioneer Life. Securian is one of the most highly-rated life insurance groups in the nation.
About Securian Financial Group
Since 1880, Securian Financial Group and its affiliates have provided financial security for individuals and businesses in the form of insurance, investments and retirement plans. Now one of the nation’s largest financial services providers, Securian is the holding company parent of a group of companies that offer a broad range of financial services.
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