BOLT Solutions Acquires Superior Access Insurance

NEW YORK, Oct. 31, 2013 (GLOBE NEWSWIRE) -- BOLT Solutions, Inc. ( www.boltinc.com ) a leading independent provider of Software as a Service (SaaS) insurance distribution solutions to the property and casualty (P&C) insurance industry, today announced the acquisition of the industry's largest online insurance aggregator, Austin, Texas based Superior Access Insurance Services Inc. (SAIS - www.superioraccess.com ). The addition of SAIS demonstrates Bolt's continued commitment to providing agents a superior user experience. The acquisition further strengthens Bolt's market leadership position with access to SAIS' distribution channel of more than 2,100 agents, offering over 95 products through over 50major insurers. With SAIS, Bolt will be able to provide its customers access to markets and products previously inaccessible to both independent and captive agents.

Founded in 1996 by independent agents, SAIS was established with the goal of assisting the insurance agent community in identifying markets for their customers. Since then, SAIS has evolved, creating a unique partnership with its agents and carrier partners. SAIS is regarded as the markets' most innovative solution for the retail insurance agent, enabling a very rich user experience. 

SAIS' staff is uniquely experienced with both carrier and agency expertise. In addition, the SAIS staff is highly credible and holds top industry credentials and designations. The addition of SAIS' high caliber front line agents will continue to fuel the superior consumer experience Bolt offers – already rated in the top 1% of consumer experience in the P&C Insurance industry.

Commenting on the acquisition Eric Gewirtzman, CEO of Bolt, said, "We sincerely appreciate the opportunity to continue to work with the best insurance markets in the U.S. and with the best and brightest in the agent community. As we continue our journey as the leading insurance marketplace for both agents and consumers we believe the combined offering enhances the country's leading agency platform and further demonstrates our continued commitment to the market."

Keith Curry, COO of SAIS added, "We are committed to providing our agency force with markets their customers are looking for as well as the most advanced technology to enable them to easily do their job and place the right business with the right carrier. Our goal has always been to make business easier for our agents – effectively leveraging people, processes, and technology. With Bolt we will continue to be at the forefront of the industry enabling us to significantly expand our market position as the largest insurance aggregator in the U.S."

About SAIS

Headquartered, in Austin, Texas, Superior Access (SAIS) is an established online insurance wholesaler and distributor, providing fast access to a variety of insurance products. Superior Access provides online insurance quotes and wholesale brokerage services to more than 2,100 retail insurance agents across the nation. Superior Access has forged strategic alliances with many of the world's leading insurance companies.

About BOLT Solutions, Inc.

Headquartered in New York and founded in 2000, BOLT Solutions, Inc. (formerly SeaPass Solutions, Inc.) offers the leading online sales and client service platform for anyone who wants to sell or buy insurance online. The Bolt Platform supports all of the insurance needs of its customers, while driving market share, retention and increased revenue for its insurance industry partners.  Bolt is an ICG company (Nasdaq: ICGE ).   For more information visit www.boltinc.com , email info@boltinc.com or call 212-608-4646.

Chrissy Snyder BOLT Solutions, Inc. 212-981-4684