PointSure Purchases Black/White

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 Inc. "Their producer relationships, carrier appointments, licensing and skilled staff are a welcome addition to our existing operations and we're pleased to have these Black/White entities as part of our organization."

Euclid Black, founding partner, chairman and CEO of Black/White said, "We are excited to join with PointSure to provide our producers the best that both of these organizations have to offer. 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.”