National Lloyds rebrands as National Summit

National Lloyds Insurance Company, a wholly-owned subsidiary of ReAlign Insurance Holdings , announced that it has rebranded as National Summit Insurance Company . The rebranding follows the completion of all regulatory approvals leading to the conversion of National Lloyds from a Texas Lloyds Plan company into a capital stock insurance company. The new brand identity will be incorporated across all facets of the specialty insurer’s operations in the months ahead.

National Summit, a specialty personal property insurance provider, operates through a network of over 4,000 agents and is licensed in 24 states. ReAlign acquired National Summit and American Summit Insurance Company, both of which are domiciled in Texas, in July 2020. In October 2020, ReAlign also formed Summit Specialty Insurance Company, a non-admitted insurance carrier domiciled in Nebraska. The three insurance carriers are part of the ReAlign Insurance Group.

“Our rebranding and capital stock conversion represent important milestones in our growth strategy. With our strong balance sheet and the dedicated support of the team at ReAlign, we are well positioned to further elevate our value proposition through investments in our technology, people and products.” – Timothy McAuliffe, President of National Summit.

“Since acquiring these specialty personal property insurance companies six months ago, we have moved quickly to embark on the first phase of our long-term strategic plan to create a leading domestic program underwriting platform. Building on National Summit’s 70-year history, growing network of agents and excellent track record, the rebranding will enhance our flexibility as we prudently pursue opportunities to expand our product lines and further strengthen our operating platform.” – Grant Lippincott, President of ReAlign.