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FARMERS MUTUAL HAIL TO ACQUIRE CANADIAN FIRM PALLISER INSURANCE
Feb. 6, 2025
Source: Farmers Mutual Hail Insurance news release
West Des Moines, IA -- Farmers Mutual Hail Insurance Company of Iowa (FMH) today announced the acquisition of Canadian company Palliser Insurance.
Palliser is a leading crop hail insurance provider headquartered in Saskatoon, Saskatchewan, Canada, offering crop hail insurance across Western Canada, supported by the industry's largest network of agents and adjusters. Farmers Mutual Hail previously had a 20 percent share in the company, with FMH leaders serving on Palliser's Board of Directors.
"I am excited about this partnership and the impact it will have as we continue to expand and diversify our footprint. The regional expertise, knowledge, and accomplishments that the Palliser team brings with them will contribute to our long-term strategy of strengthening and enhancing our core crop insurance business," said Shannon Rutledge, FMH president and CEO.
Rutledge added how this move was a good fit for both companies as Palliser has been a partner company with FMH for over three decades, and FMH will continue to support Palliser's ability to expand and grow their relationships. This is FMH's first acquisition of a non-U.S.-based company.
"FMH has been a valued business partner with Palliser since 2008, recognizing and respecting our important legacy, role, and dedication to serving the Western Canadian agricultural community," said Ken Doleman, president & CEO of Palliser Insurance. "Our common culture and shared values, combined with FMH's long-standing expertise in crop insurance will serve to strengthen our deep commitment and value-added approach to service excellence."
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