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.