SEAB Seabright (MM)

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.