CINCINNATI--(BUSINESS WIRE)--Great American Insurance Group is pleased to announce the promotion of Carol Sipe to Senior Vice President within its Property & Casualty Group.
Since 2009, Carol has served as President of Summit, a leading provider of workers’ compensation insurance coverage in the southeastern United States. She has held a variety of roles within Summit, including Senior Vice President and Chief Operating Officer, since joining the company in 1989. Summit was acquired by American Financial Group, Inc., Great American’s parent company, in 2014.
In addition to continuing her role as President of Summit, she will now serve as the reporting officer overseeing one of Great American’s subsidiaries, Republic Indemnity.
“During her tenure, Carol has overseen several key initiatives at Summit that have resulted in innovation and efficiency, including a strategy to update Summit’s core technology systems,” said Gary Gruber, President and COO of Great American’s Property & Casualty Group. “Carol and her team have achieved excellent results and have expanded Summit’s business into several new states. We wish Carol continued success in her expanded role.”
Summit provides its comprehensive workers’ compensation insurance services to businesses in Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas.
Based in Lakeland, Florida, Summit Consulting, LLC (“Summit”) is a member of Great American Insurance Group. Summit manages the day-to-day operations of five workers’ compensation insurance companies that include its two affiliates, Bridgefield Employers Insurance Company and Bridgefield Casualty Insurance Company, and three non-affiliates, BusinessFirst Insurance Company, RetailFirst Insurance Company and Retailers Casualty Insurance Company. Summit has offices in Lakeland, Florida, Baton Rouge, Louisiana, and Gainesville, Georgia. For more information, visit www.summitholdings.com.
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed, fixed-indexed and variable-indexed annuities in the retail, financial institutions, broker-dealer, registered investment advisor and education markets. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for more than 110 years (most recent rating evaluation of “A+” (Superior) affirmed September 11, 2019). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.