Reinsurance News
Farmers Insurance
Munich Re’s American Modern introduces Farm and Ranch Insurance Program with Bridge Specialty Group
16th January 2026
American Modern Insurance Group, Inc., part of Munich Re, has introduced a Farm and Ranch Insurance Program in collaboration with Bridge Specialty Group. The programme is designed to give independent agents a versatile insurance solution that meets the specific needs of farm and ranch operators, from small-scale hobby farms to commercial ... Read the full article
Farmers secures $400m indemnity-based coverage through new cat bond
19th December 2025
Farmers Insurance Exchange and its subsidiaries and affiliates, collectively known as the Farmers Insurance Group, have closed a $400 million catastrophe bond, providing indemnity-based coverage that complements their traditional catastrophe reinsurance program. Swiss Re Capital Markets and Howden Capital Markets & Advisory (HCMA) acted as joint structuring agents and joint bookrunners ... Read the full article
Farmers Insurance eliminates cap on homeowners policies offered in California
24th November 2025
Farmers Insurance, the largest property casualty insurer headquartered in California, has decided to eliminate the cap on the number of homeowners insurance policies it offers in the state, including Farmers Smart Plan Home, Farmers Smart Plan Condominium, and Farmers Smart Plan Renters policies, effective immediately. This move is motivated by the ... Read the full article
Miller announces new life insurance product to support farmers affected by inheritance tax changes
24th October 2025
Miller, an independent specialist re/insurance broker, has announced the launch of Succession Insurance, a new life insurance product designed to help farmers manage the impact of recent inheritance tax reforms on agricultural assets introduced in the Autumn Budget. The changes to inheritance tax have created new obstacles for farmers planning to ... Read the full article
Global Parametrics and One Acre Fund deliver parametric crop cover for Nigerian farmers
3rd June 2025
Global Parametrics, part of the CelsiusPro Group, has partnered with One Acre Fund to provide financial protection for smallholder farmers in Nigeria against crop losses caused by drought and end-of-season excess moisture, through the Natural Disaster Fund (NDF). The cover is structured using Global Parametrics’ Water Balance Index (WBI), which leverages ... Read the full article
Farmers Insurance appoints Ankur Chaturvedi as Regional President of East Territory
25th March 2025
Farmers Insurance has announced the appointment of Ankur Chaturvedi as Regional President of the East Territory, joining the Farmers Insurance Exclusive Agent Distribution team. Chaturvedi will provide operational and collaborative leadership support to agency owners and district managers across the East Territory. His focus will be on strategic initiatives that help ... Read the full article
Farmers Insurance names Gallagher’s Toohey as Head of Agency Owner Operations
21st February 2025
Farmers Insurance has appointed re/insurance broker Gallagher's Erik Toohey as the Head of Agency Owner Operations, reporting to Ken Walton, President of Distribution and Chief Revenue Officer. In the new role, Toohey will be responsible for the overall strategy of the Exclusive Agent Distribution channel, modernising processes and evolving capabilities while ... Read the full article
Farmers Exchanges projects $600m wildfire loss, reaffirms commitment to California
19th February 2025
The Farmers Exchanges, a group of reciprocal insurers including Farmers Insurance Exchange, Fire Insurance Exchange, and Truck Insurance Exchange, have released initial estimates indicating a $600 million loss from the recent California wildfires. This figure is net of the per-occurrence reinsurance programme and before taxes, excluding Farmers’ portion of FAIR Plan ... Read the full article
Farmers to reopen offering multiple lines coverage to new California customers
13th December 2024
Farmers Insurance has announced it will resume offering coverage for multiple lines of insurance in California to new customers, in a phased reintroduction beginning December 14, 2024. Farmers Insurance’s expanded coverage will include condominium and renters, which will reopen from December 14, 2024; umbrella will reopen from December 24, 2024; landlord ... Read the full article
Farmers Insurance to resume California commercial multi-peril business from August
20th May 2024
Farmers Insurance has plans to resume accepting new business commercial multi-peril applications for auto service & repair, habitational, manufacturing, real estate and wholesale distribution policies in California, effective August 1st, 2024. This decision follows the insurer's recent decision to lift its temporary moratorium on writing new commercial automobile insurance policies in ... Read the full article
Farmers appoints Eric Coleman as President of Business Insurance
11th April 2024
Farmers Insurance has recently announced the appointment of Eric Coleman as the new President of Business Insurance. In his new role, Coleman will directly report to Raul Vargas, CEO of Farmers, and assume responsibility for spearheading commercial underwriting, product, strategy, finance and exploring new market opportunities for the Farmers business insurance ... Read the full article
Farmers Insurance appoints John Griek as new CFO
5th April 2024
Farmers Insurance has recently announced the appointment of John Griek to the position of Chief Financial Officer (CFO). In his new role, Griek will directly report to Raul Vargas, President of Distribution, Life, and Financial Services, and will oversee all financial matters for the organisation. Vargas underscores Griek's extensive experience, stating, "John ... Read the full article
Farm bureau insurers experience growth despite underwriting challenges: AM Best
5th February 2024
A recent report from AM Best reveals that the U.S. property/casualty (P/C) farm bureau segment has witnessed a 13% increase in premiums over the past two years, largely fueled by personal auto, homeowners, and farmowners’ business lines. The report notes that this growth aligns with the overall expansion of the P/C ... Read the full article
Farmers Group to acquire three brokerages and flood program of Farmers Exchange
14th November 2023
Zurich, through its wholly-owned subsidiary, Farmers Group (FGI), has agreed to acquire three brokerages and the flood program servicing arm of the Farmers Exchanges, for $760 million. According to the announcement, “ownership of the brokerages will ensure FGI maintains and broadens its position in supporting the Exchanges in meeting customers’ needs ... Read the full article
Slide acquires renewal rights for 86,000 Farmers Insurance Homeowners Policies in Florida
13th October 2023
Slide Insurance, the full-stack homeowners insurtech, has acquired renewal rights for 86,000 Florida homeowners insurance policies from Farmers Insurance. The transaction, however, does not include Farmers Insurance renters, auto, or umbrella policies. It has been confirmed, that to facilitate a seamless transition, Farmers agents across Florida will be offered an appointment with ... Read the full article
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