SeaBright Names Cuthbert Chief Financial Officer

  
    
  
  
    
      SeaBright Insurance Holdings, Inc. (Nasdaq:SEAB) today announced that 
      Robert P. Cuthbert, CPA, has been appointed Senior Vice President and 
      Chief Financial Officer, effective October 13. Mr. Cuthbert fills the 
      position left vacant by the untimely passing of SeaBright’s 
      former CFO in April of this year.
    
    
      Mr. Cuthbert, age 61, a certified public accountant, has held senior 
      management positions in the insurance industry for more than 25 years. 
      He was previously chief financial officer with two national brokerage 
      firms, Wells Fargo Insurance Services, Inc. and Corroon & Black 
      Corporation. In addition, he served as Chief Financial Officer for three 
      specialty property and casualty underwriting organizations; LaSalle Re 
      Holdings Limited, Gryphon Holdings, Inc. and Coregis Group Inc.
    
    
      A graduate of Fairleigh Dickinson University, Mr. Cuthbert holds a 
      Bachelor of Science Degree in Accounting.
    
    
      “The chief financial officer position is 
      critical to our success. Our national selection process was conducted 
      carefully and deliberately to assure that we identified and hired the 
      best financial executive available,” said John 
      Pasqualetto, President, Chairman and CEO of SeaBright Insurance 
      Holdings, Inc. “Bob Cuthbert has impressive 
      knowledge of finance, accounting and insurance as well as extensive 
      experience with the investor community. We are pleased and proud to 
      welcome him to our senior management team.”
    
    
      “I’m delighted to 
      join SeaBright Insurance Holdings during this rapidly changing insurance 
      environment. I look forward to building shareholder value and joining 
      the senior management team as they continue to focus on underwriting 
      discipline, profitability and growth,” said 
      Mr. Cuthbert.
    
    
      About SeaBright Insurance Holdings, Inc.
    
    
      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, Inc., visit our website at www.sbic.com.