Crop insurer Farmers Mutual Hail Insurance Company of Iowa (FMH) is acquiring Global Ag Insurance Services from commercial and specialty insurer and reinsurer, AXA XL.
Western U.S.-headquartered Global Ag is a crop insurance provider offering 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, President and Chief Executive Officer, FMH, 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 further explained that this acquisition supports FMH’s vision of being a leading provider of Complete Farm Insurance Solutions for America’s farmers.
This acquisition aims to allow FMH to grow the relationships Global Ag has developed with specialty crop producers and agents.
Jordan Roach, CEO, Global Ag, concluded, “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.
“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.”
