Hiscox USA Executive Discusses Recent Celent Model Insurer Award and Partner, BOLT Solutions, in New Video

BOLT Solutions Inc.

WASHINGTON, June 3, 2013 (GLOBE NEWSWIRE) -- At the 2013 IASA Conference today, BOLT Solutions, Inc. ("Bolt"), formerly SeaPass Solutions, announced availability of a video interview with its customer, Hiscox USA, describing its partnership with Bolt and the role of the Bolt Platform in the insurer's recent recognition as a Celent 2013 Model Insurer. This prestigious industry distinction recognizes the year's top technology initiatives and is sponsored by Celent an international financial research and consulting firm. The video discussion centers on Hiscox's selection and use of the Bolt Platform, the leading online sales and client service platform for anyone who wants to sell or buy insurance online.

In the video, Senior Vice President of Celent's Insurance Group, Jamie MacGregor asked Hunter Hoffmann, Head of US Communications at Hiscox, to describe the insurer's choice to work with Bolt to help broaden its footprint in the U.S. Hoffmann provides a thorough review of both the selection and implementation processes, as well as the positive impact utilizing the Bolt Platform has had on Hiscox's distribution capabilities. Hiscox credits the Bolt Platform for its ability to provide customers with more choice and a better user experience. During the interview, Hoffmann goes on to describe how Hiscox leveraged the Bolt Platform to increase the volume of consumers receiving quotes for Hiscox business insurance products across 38 states and the District of Columbia.

"Hiscox USA is very proud to be recognized by Celent as a Model Insurer for 2013 for our innovative use of multiple distribution channels," adds Hoffmann. "After we entered the U.S. market with our Direct online offering in 2010, we assessed different distribution platforms to get us in front of more people and evaluated several solutions, including building our own. Bolt emerged as a strong choice and has become one of our top distribution partners. With nearly one million quotes going through the Bolt Platform each month, this partnership provides more small business owners access to our products. The result has been an overall increase in business and customer retention."

"We have always considered Hiscox USA an innovator and leader, and we are gratified to be associated with their success," said Tim Attia, Senior Vice President of Bolt. "We look forward to continuing to work with the Hiscox team and are proud to deliver a solution that insurance companies and agents can leverage to gain market share."

In addition to the Celent Model Insurer Award, Hiscox USA was also recently recognized with a 2013 Vanguards in Insurance Practices (VIP) Award, an award program sponsored by Insurance Networking News (INN) in partnership with Celent http://boltinc.com/press/.

To view Celent's interview with Hiscox please visit www.boltinc.com.

About Hiscox Small Business Insurance

Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). Hiscox is the first company in the U.S. to offer insurance to small professional services businesses direct, online, and in real-time. We provide professional liability, general liability and business owner's insurance, underwritten by Chicago-based Hiscox Insurance Company Inc., which is rated 'A' (Excellent) by A.M. Best Company. Additional information can be found on the Why Choose Hiscox? page. Coverages are subject to underwriting and may not be available in all states.

Hiscox also provides professional liability, property and specialty insurance to US businesses through US-based brokers. This communication does not constitute a solicitation of business by Hiscox's syndicates at Lloyd's, London.

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.

CONTACT: Chrissy Snyder BOLT Solutions, Inc. chrissys@boltinc.com (212) 981-4684 Susan Douglas Solomark Associates susan@solomark.com (847) 895-2634

Source:BOLT Solutions Inc.