POLICY MANAGEMENT &lt;PMSC> MAKES ACQUISITION

  Policy Management Systems Corp
  said it has acquired the majority of the assets and business of
  Allied Research Inc of Salem, Ore., and Consolidated Insurance
  Services Inc, of Springfield, Va., for undisclosed terms.
      It said the two companies, which had combined 1986 revenues
  of about two mln dlrs, provide underwriting information
  services to property and casualty insurers.
  

