Sunz CEO Makes $8M Capital Contribution

Steven Herrig, chief executive officer of Sunz Holdings, has completed an $8 million capital contribution to Sunz Insurance Co., a large-deductible workers’ compensation carrier. Sunz Holdings, which is wholly owned by Herrig, is the parent company of Sunz Insurance Co. The contribution was the third installment of a $13 million capital infusion over the past three months and is expected to bolster statutory surplus to about $30 million as of March 31, the company said in a news release last week. The capital contribution will allow the carrier to focus on growth initiatives in t...