Company Highlights

2006

• Completes initial public offering of company stock, 10.5 million shares at $9.00
• Opens Southern Region

2004

• Secures $32 MM surplus notes, replaces inefficient capital; eliminates quota share reinsurance

1999

• Opens Mid-Atlantic and Texas regions

1998

• Changes name of Pinnacle Assurance Corporation to AmCOMP Preferred Insurance Company
• Embarks on growth and diversification strategy to expand outside the state of Florida
• Opens the Midwest Region

1997

• Acquires another insurance company with licenses in 21 states, renaming the company AmCOMP Assurance (a wholly owned subsidiary of AmCOMP Preferred)
• Hires Debra Ruedisili as COO, who has 20 years of workers’ compensation experience across multiple states; positions Company for geographical expansion

1996

• Secures $24 MM from private equity investment firm, Welsh Carson and Sprout Group, provides capital for geographic expansion

1995

• Converts FACCA-SIF to Pinnacle Assurance Corporation

1994

• Reforms by Florida legislature to workers’ compensation legislation estimated to bring significant changes to self-insurers’ funds; prompts management to consider geographic expansion

1987

• Diversifies customer base, adding other artisan contractors and various types of main street businesses exclusively in Florida

1982

• Fred Lowe helps found Florida Air Conditioning Contractors Association Self-Insurers Fund (FACCA-SIF), focuses exclusively on air conditioning contractors and Florida