Seattle-based SeaBright Insurance Holdings Inc. announced that it has changed its corporate name to SeaBright Holdings Inc. to better reflect the different products and services offered by SeaBright’s subsidiary companies. The company’s New York Stock Exchange ticker symbol “SBX” will not change and it began trading under its new name, SeaBright Holdings Inc., on June 1, 2010. The new name was approved by the corporation’s stockholders at the 2010 annual stockholder’s meeting.
“While insurance is a big part of our business, PointSure and Total HealthCare Management provide fee-based services that do not involve taking insurance underwriting risk. SeaBright Holdings, Inc. is a name that more accurately reflects the entirety of our business,” said John Pasqualetto, chairman, president and CEO of SeaBright Holdings Inc.
SeaBright Holdings is a holding company whose wholly-owned subsidiary, SeaBright Insurance Co., operates as a specialty underwriter of multi-jurisdictional workers’ compensation insurance. SeaBright Insurance Co. distributes its maritime, alternative dispute resolution and state act products through selected independent insurance brokers and through its wholesale broker affiliate, PointSure Insurance Services,Inc. PointSure is licensed in 50 states and also offers insurance products from non-affiliated insurers. Total Healthcare Management, another SeaBright Holdings company, provides integrated managed medical care services to help employers control costs associated with on-the-job injuries.
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