American Electronics Association Partners With Seabury & Smith to Offer Its Members Employee Benefits and Business Protection Insurance.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 5, 1999--

The American Electronics Association (AEA) today endorsed Seabury & Smith as its national managing broker and risk management consultant.

Seabury & Smith assumes the role of Sedgwick, Inc., the previous managing broker for AEA's insurance products and programs. Late last year, Sedgwick, Inc. was acquired by Marsh & McLennan Companies, Inc. (MMC). Seabury & Smith is a part of MMC's risk and insurance services operation, Marsh, Inc.

Seabury & Smith is a full-service insurance broker and administrator with a reputation for innovative design and management of a wide range of insurance and financial products. They have established expertise serving the high-tech industry. As a part of Marsh and MMC, Seabury & Smith has access to a valuable network of national and international resources. Seabury & Smith provides insurance program management services for individuals, businesses and their employees, and organizations and their members.

Through its wholly owned subsidiary, Preferred Business Services, Inc., the American Electronics Association offers employee benefits, business insurance, risk management, and other value-added business services to AEA member companies.

"A competitive employee benefits package is both expected and demanded by technology professionals in today's highly competitive hiring market. AEA is committed to providing a portfolio of insurance programs that keep pace with the growth of our high-tech member companies," said Cathy Tingley, the director of insurance programs for AEA.

"The resources of Seabury & Smith enable AEA to offer members quality products and services that encompass both employee benefits and business protection insurance. The local offices of Seabury & Smith work in partnership with AEA regional councils to provide local service, consulting and benefit design to its members."

AEA is the nation's largest high-tech trade group, representing more than 3,000 U.S.-based technology companies. The AEA has an active grassroots network through its 18 regional councils and offices in Beijing, Tokyo, and Brussels. Membership spans the industry from telecommunications and computer firms to software and semiconductor companies. For additional information, connect to - AEA's online high-tech industry network.