Summit was formed in 1977 as a third-party administrator for workers’ compensation self-insurance funds in Florida. After nearly 40 years of growth and evolution, Summit today provides workers’ compensation insurance programs to approximately 40,000 employers in Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. These clients represent more than $750 million in premium. Summit markets its products and services through independent insurance agents.
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Headquartered in the Central Florida city of Lakeland, Summit employs approximately 700 office and field associates at its main location and regional offices in Baton Rouge, Louisiana, and Gainesville, Georgia.
Summit provides claims management, a proprietary medical provider network, loss prevention services, policy administration, underwriting, sales and marketing for the insurance carriers that underwrite its workers’ compensation programs. Some of these services are also available on a contractual basis for self-insured businesses and municipalities.
Summit manages affiliates, Bridgefield Casualty Insurance Company and Bridgefield Employers Insurance Company, and non-affiliates, BusinessFirst Insurance Company, RetailFirst Insurance Company and Retailers Casualty Insurance Company.
Summit is a member of Great American Insurance Group (GAIG). GAIG’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 and fixed-indexed annuities in the retail, financial institutions and education markets. The members of the 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.
Nexus, a part of the French IN Groupe, is a European leader and innovative identity management company. We secure society by enabling trusted identities for people and things. Most of our technology is integrated into the Nexus Smart ID solution, which provides standardized and easy-to-use modules that enable organizations to issue and manage physical and digital IDs, manage physical and digital access, enable electronic signatures, and issue and manage public key infrastructure (PKI) certificates. The Smart ID solution is most commonly used for corporate IDs, citizen IDs, and IoT (internet of things) security. Nexus has 300 employees across 17 offices in Europe, India and the US, as well as a global partner network.
Vertex Holdings is a Singapore-based venture capital investment holding company. It provides anchor funding and operational support to a proprietary global network of venture capital funds, namely:
Vertex Ventures China, Vertex Ventures Israel, Vertex Ventures SEA & India, Vertex Ventures US, Vertex Ventures Japan, Vertex Ventures HC and Vertex Growth.
The Vertex network of funds invests in early stage technology opportunities through Vertex Ventures, early stage healthcare opportunities through Vertex Ventures HC, and growth stage opportunities through Vertex Growth. Each Vertex fund operates independently, with separate local teams that raise and manage their respective funds.
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