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Patrick Smyth Joins Summit as Senior Vice President of Finance and Chief Financial Officer
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
Summit Consulting LLC, a leading workers' compensation insurance provider in the southeastern United States, has appointed Patrick Smyth as the new senior vice president of Finance and chief financial officer. Smyth, who has extensive experience in property and casualty insurance, previously held financial leadership roles at Liberty Mutual and PricewaterhouseCoopers. He replaces Dave Conway, who is retiring in March 2022 after a long tenure at Summit. Smyth holds a finance degree from Boston College and an MBA from Boston University.
Positive
Appointment of Patrick Smyth as CFO could enhance financial oversight and strategic direction.
Smyth brings extensive experience from major firms like Liberty Mutual and PricewaterhouseCoopers.
Negative
Dave Conway's retirement may lead to transitional challenges in leadership.
LAKELAND, Fla.--(BUSINESS WIRE)--
Summit Consulting LLC (“Summit”), a leading provider of workers’ compensation insurance coverage in the southeastern United States, announced today that Patrick Smyth has been named the senior vice president of Finance and chief financial officer.
Patrick Smyth has joined Summit as Senior Vice President of Finance and Chief Financial Officer. (Photo: Business Wire)
Mr. Smyth brings a wealth of property and casualty insurance knowledge and financial leadership experience to Summit—having served in leadership roles as a financial executive with Liberty Mutual and more recently as a managing director with PricewaterhouseCoopers. “I am extremely pleased to announce that Patrick is assuming responsibility for this critical area of the company,” says Carol Sipe, Summit’s president and CEO. “He is a valuable addition to our team.”
Patrick Smyth succeeds Dave Conway who recently announced his retirement planned for March 2022. “Dave joined Summit in 2004 and has positively impacted every aspect of the organization with his extensive financial knowledge and strong leadership skills,” shares Carol Sipe.
Mr. Conway adds, “One of the things that helped me move forward toward retirement was the ability to attract a quality candidate to Summit. I have known Patrick for almost 20 years and am confident that his combination of education, experience and people skills will allow him to make a great contribution to the organization’s success.”
Mr. Smyth earned a Bachelor of Science in finance from Boston College and a Master of Business Administration with finance and general management concentrations from Boston University. He holds a Chartered Financial Analyst (CFA) designation.
About Summit
Based in Lakeland, Florida, Summit is a leading provider of workers’ compensation insurance coverage in the southeastern United States and is a member of the 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 provides its comprehensive workers’ compensation insurance services to businesses in Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Virginia. Summit has offices in Lakeland, Florida, Baton Rouge, Louisiana, and Gainesville, Georgia. For more information, visit www.summitholdings.com.
About Great American Insurance Group 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 specialized commercial products for businesses. 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 December 3, 2021). 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.
Summit Contact:
Carol Sipe President and CEO, Summit
1-800-282-7648
Great American Insurance Group Media Contact:
Diane P. Weidner Vice President, Investor and Media Relations, American Financial Group 513-369-5713
dweidner@amfin.com
