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FARMERS MUTUAL HAIL INSURANCE ACQUIRES CALIFORNIA-BASED GLOBAL AG INSURANCE SERVICES
Apr. 4, 2024
Source: Farmers Mutual Hail Insurance news release
Farmers Mutual Hail Insurance Company of Iowa (FMH) has acquired Global Ag Insurance Services from commercial and specialty insurer AXA XL.
Global Ag is a leading crop insurance provider headquartered in the western U.S. that offers crop insurance solutions through the USDA multi-peril crop insurance program as well as specialty private and named peril products designed to meet the unique needs of crop producers and growers.
Shannon Rutledge, FMH President and CEO, commented, "I am excited about this partnership and the impact it will have as we continue to expand and diversify our national footprint.
The regional expertise, knowledge, and accomplishments that the Global Ag team brings with them will contribute to our long-term strategy of strengthening and enhancing our core crop insurance business."
Rutledge added how this move supports FMH's vision of being a leading provider of Complete Farm Insurance Solutions for America's farmers as the company will continue to expand and grow the relationships Global Ag has developed with specialty crop producers and agents.
"We're thrilled about the opportunities that lie ahead and look forward to working closely with the FMH team in their commitment to delivering risk management solutions to all farmers and producers," said Jordan Roach, CEO of Global Ag.
"This partnership couldn't come at a better time as we continue to see year-over-year growth and increased demand for specialty crop risk management solutions. FMH's impressive track record and long-standing dedication to crop insurance will serve our customers well."
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