SeaBright Changes Corporate Name

Business and Finance Business and Finance

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SeaBright Changes Corporate Name

SeaBright Changes Corporate Name

^{Published on 2010-05-24 16:10:14 - Market Wire}

SEATTLE--([ BUSINESS WIRE ])--SeaBright Insurance Holdings, Inc. (NYSE: SBX) today announced that it has changed its corporate name to SeaBright Holdings, Inc. to better reflect the different products and services offered by SeaBrighta�s subsidiary companies. The Companya�s NYSE ticker symbol aSBXa will not change and it expects to be trading under its new name, SeaBright Holdings, Inc., on June 1, 2010. The Company will continue to trade as SeaBright Insurance Holdings, Inc. until that time. The new name was approved by the Corporationa�s stockholders at the 2010 Annual Stockholdera�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."

John Pasqualetto, Chairman, President and CEO of SeaBright Holdings, Inc. said, aWhile 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.a

About SeaBright Holdings, Inc.

SeaBright Holdings, Inc. is a holding company whose wholly-owned subsidiary, SeaBright Insurance Company, operates as a specialty underwriter of multi-jurisdictional workersa� compensation insurance. SeaBright Insurance Company 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. To learn more about SeaBright Holdings, Inc., visit our website at [ www.sbic.com ].