Smyth named CFO at Summit
Summit Consulting, a workers’ compensation insurance manager, announced Patrick Smyth has been named chief financial officer.
Smyth has served as a financial executive with Liberty Mutual and as a managing director with PricewaterhouseCoopers. He succeeds Dave Conway at Summit, who is retiring in March.
Based in Lakeland, Florida, Summit provides workers’ comp coverage for employers around the Southeast. It is part of the Great American Insurance Group and manages operations for five comp insurance companies, including Bridgefield Employers Insurance, Bridgefield Casualty Insurance, BusinessFirst Insurance, RetailFirst Insurance and Retailers Casualty Insurance.
McDonald New Captive Director at SCDOI
Joe McDonald, the captive and risk finance product manager at IRMI, the International Risk Management Institute, has returned to South Carolina as head of the captive insurance division at the Department of Insurance.
McDonald had previously worked as licensing coordinator for the SCDOI captive division, department Director Ray Farmer said in a news release.
“South Carolina has long been considered one of the top mature domiciles in the industry with a thriving captive marketplace,” Farmer said. “I know Mr. McDonald will be an asset to our team and lead the Captive industry in our state to even more success.”
McDonald’s new role begins Feb. 2.
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