SeaBright Names Cuthbert Chief Financial Officer
October 13 2008 - 4:00PM
Business Wire
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.
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