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December 16, 2004

Brad Ritter named Vice President, Chief Actuary of Summit

Summit Holding Southeast, Inc. (Summit), a leading provider of workers' compensation insurance services, has named Brad Ritter, FCAS, to the position of Vice President and Chief Actuary. He is the first to fill this position for Summit.

Ritter, who is from Poynette, Wisconsin, worked with both the National Council on Compensation Insurance (NCCI) and the Assurant Group, headquartered in Boca Raton and Miami, respectively, before coming to Summit in 2001. He is a 1991 graduate of the University of Wisconsin-Stout. As a Fellow of the Casualty Actuarial Society (FCAS), Ritter is one of only about 2,500 actuaries nationwide who have passed the series of 10 rigorous exams required to be eligible for this status in the prestigious society.

As a top-ranking actuary, Ritter brings a finely tuned range of skills to his new Summit position. According to Rick Hodges, Summit President and CEO, "Ritter's appointment offers a new depth to our forecasting ability and outcome. As he continues to evaluate the financial impact of current economic, legal and social trends on our risk quotient, he will allow us to stretch ever further to provide the very best in workers' compensation services."

Summit Holding Southeast, Inc. -- based in Lakeland, Florida -- is part of Liberty Regional Agency Markets (RAM), a business unit of Boston-based Liberty Mutual Group. RAM is a group of regional property and casualty companies that distribute their products and services exclusively through independent agents and brokers, concentrating on small commercial and personal lines markets. Specifically, Summit offers workers' compensation products and services to more than 30,000 businesses in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, South Carolina and Tennessee.

Posted by Tom Troceen