PointSure Acquires Black/White & Associates

July 17, 2008

Seattle-based SeaBright Insurance Holdings Inc. announced that its subsidiary, PointSure Insurance Services Inc., 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.

Euclid Black, founding partner, chairman and CEO of Black/White said, “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 Co., operates as a specialty underwriter of multijurisdictional workers’ compensation insurance. SeaBright Insurance Co. 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 Co. provides workers’ compensation coverage to employers in selected regions nationwide.

Was this article valuable?

Here are more articles you may enjoy.