Great American Insurance has promoted Carol Sipe to senior vice-president of the company’s property & casualty group.
Sipe has been serving as president of Summit – a member of Great American Insurance Group that provides workers’ compensation insurance coverage in southeastern US – since 2009. Since joining Summit in 1989, she has held several roles of increasing responsibility, including senior vice-president and chief operating officer.
Summit – which serves the states of Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas – was acquired by American Financial Group (Great American’s parent company) in 2014.
Following her promotion to SVP of the P&C group, Sipe will continue her role as president of Summit. She will also serve as the reporting officer overseeing another Great American Insurance subsidiary, Republic Indemnity, a release said.
“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 Great American P&C group president and COO Gary Gruber. “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.”