Structure

The company is licensed in the Cayman Islands to reinsure risks from the issuing insurance company, Old Republic (rated A+ by Best’s). Old Republic is licensed and admitted providing coverage to the membership in the United States. The types of coverage written by Summit are Workers’ Compensation, General Liability, Auto Liability and Auto Physical Damage.

Membership Criteria

Because each member of Summit is an owner, the following criteria has been established to ensure the quality of membership and long-term strength of the company:

1. Management Commitment to Safety and Claims Management



2. Financially Strong Company



3. Loss Experience Better than Average for Industry Group



4. Regular Attendance and Participation in Board Meetings



5. Business Philosophy Compatible with Summit Insurance Ltd.