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SeaBright Holdings Inc

SeaBright Holdings Inc
1986 FOUNDED
PRIVATE STATUS
301-400 EMPLOYEES
Buyout/LBO LATEST DEAL TYPE
3 FINANCING ROUNDS
Description

SeaBright Holdings, Inc was formed in 2003 . SeaBright Holdings operates as a specialty underwriter of multi-jurisdictional workers' compensation insurance. It also provides related wholesale brokerage services and integrated managed medical care services. The Company focuses on employers with complex workers' compensation exposures and provides coverage under multiple state and federal acts, applicable common law or negotiated agreements. The Company also provides traditional state act coverage in markets. Its wholly owned subsidiaries are SeaBright Insurance Company, PointSure Insurance Services, Inc. and Paladin Managed Care Services, Inc. SeaBright Insurance Company is a specialty provider of multi-jurisdictional workers' compensation insurance for a range of industries, from small energy and maritime businesses to larger, more complex high and medium hazard operations with the potential for severe injury. PointSure Insurance Services, Inc. is a national specialty wholesale insurance broker and program manager that has been granted underwriting authority with select "A" rated carriers and offers multiple lines of coverage in all 50 states, the District of Columbia, and Guam. PointSure distributes its state act, maritime and alternative dispute resolution products and also offers insurance products from non-affiliated insurers. Paladin Managed Care Services, Inc. is a provider of medical bill review, utilization review, physician case management and related services, whose physician-guided managed care solutions help reduce workers' compensation claims costs, and facilitate a timely, more complete recovery for injured workers. PMCS offers managed care services to SBIC and non-affiliated entities. The Company distributes its products mainly through independent brokers it has identified as having well-established workers' compensation expertise. The Company also distributes its products through PointSure, its licensed in-house wholesale insurance broker. The Company's main competitors are ALMA, Chartis, Hartford, Liberty Mutual, Old Republic, PMA Insurance, Signal Mutual, Travelers and Zurich.

Website
Formerly Known As
Seabright Insurance
Ownership Status
Privately Held (backing)
Financing Status
Formerly PE-Backed
Primary Industry
Commercial/Professional Insurance
Other Industries
Property and Casualty Insurance
Construction and Engineering
Former Stock Listing
SBX
Primary Office
  • 1501 4th Avenue
  • Suite 2600
  • Seattle, WA 98101
  • United States

+1 (206) 000-0000

SeaBright Holdings Inc Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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SeaBright Holdings Inc Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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SeaBright Holdings Inc Executive Team (6)

Name Title Board
Seat
Contact
Info
John Pasqualetto Chief Executive Officer
Neal Fuller Senior Vice President & Chief Financial Officer
Mike Jonescu Vice President & Managing Counsel
Debra Wax Senior Vice President & Secretary

2 Former Executives

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SeaBright Holdings Inc Board Members (3)

Name Representing Role Since Contact
Info
000000 0000000 Self Board Member 000 0000
0000000 0000000 Self Board Member 000 0000

1 Former Board Member

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