PointSure Acquires Black/White

  
    
  
  
    
      SeaBright Insurance Holdings, Inc. (Nasdaq: SEAB) announced today that 
      its subsidiary, PointSure Insurance Services, Inc. (“PointSure”), 
      has acquired Black/White & Associates of Nevada, Black/White & 
      Associates, Inc., and Black/White Rockridge Insurance Services, Inc. 
      from Black/White Group.
    
    
      Black/White & Associates of Nevada, located in Henderson, operates as a 
      managing general agency and wholesale insurance broker, and will serve 
      as the principal location. The three acquired Black/White entities 
      provide business owner's policies, general and auto liability insurance 
      to small commercial clients, general liability programs for 
      middle-market clients, and coverage for select social services 
      organizations, generating about $15 million in annual premiums and 
      approximately $1.4 million annually in fees and commissions. Black/White 
      & Associates, Inc., located in Texas, and Black/White Rockridge 
      Insurance Services, Inc., a California company, will continue to 
      function in support of the Nevada operation. Founder Euclid G.H. Black 
      will remain involved as an advisor to PointSure.
    
    
      "This acquisition matches up extraordinarily well with PointSure's 
      current operations and gives us a stronger platform for our ongoing 
      national expansion efforts," said Craig Pankow, president of PointSure 
      Insurance Services, Inc. "Their producer relationships, carrier 
      appointments, licensing and skilled staff are a welcome addition to our 
      existing operations and we're pleased to have these Black/White entities 
      as part of our organization."
    
    
      Euclid Black, founding partner, chairman and CEO of Black/White said, 
      "We are excited to join with PointSure to provide our producers the best 
      that both of these organizations have to offer. We anticipate that our 
      agents and customers will experience 'business as usual' in the near 
      term, and will soon enjoy the additional markets and enhanced service 
      capabilities PointSure brings to the table.”
    
    
      SeaBright Insurance Holdings, Inc. is an insurance holding company whose 
      wholly owned subsidiary, SeaBright Insurance Company, operates as a 
      specialty underwriter of multi-jurisdictional workers’ 
      compensation insurance. SeaBright Insurance Company distributes its 
      maritime, alternative dispute resolution and state act products through 
      selected independent insurance brokers and through its in-house 
      wholesale broker affiliate, PointSure Insurance Services. SeaBright 
      Insurance Company provides workers' compensation coverage to employers 
      in selected regions nationwide. To learn more about SeaBright Insurance 
      Company and SeaBright Insurance Holdings, visit our website at www.sbic.com. 
      For complete information about PointSure Insurance Services, visit its 
      website at www.pointsure.com.