Farmers Mutual Hail Expands Crop Insurance Reach With Global Ag Insurance Acquisition

In a strategic move to broaden its national presence and diversify its offerings, Farmers Mutual Hail Insurance Company of Iowa (FMH) has officially announced the acquisition of Global Ag Insurance Services from AXA XL, a notable player in commercial and specialty insurance. This acquisition marks a significant step for FMH, a company with deep roots in the American agricultural sector, as it aims to enhance its portfolio with Global Ag's specialized crop insurance solutions.

Global Ag, a prominent crop insurance provider based in the western United States, is recognized for its comprehensive coverage through the USDA multi-peril crop insurance program. Additionally, it offers specialized private and named peril products tailored to the unique requirements of crop producers and growers. This acquisition not only extends FMH's geographical reach but also enriches its product lineup, catering to a broader spectrum of the agricultural community.

Shannon Rutledge, President and CEO of FMH, expressed enthusiasm about the partnership, highlighting the regional expertise and accomplishments that Global Ag brings to the table. "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 stated. She further emphasized how this move aligns with FMH’s vision of becoming a leading provider of Complete Farm Insurance Solutions™ for America’s farmers.

Jordan Roach, CEO of Global Ag, shared similar sentiments about the merger's potential. He pointed out the timely nature of this partnership as demand for specialty crop risk management solutions continues to rise. Roach lauded FMH's impressive track record and commitment to crop insurance, which he believes will greatly benefit their customers.

About Farmers Mutual Hail

With its headquarters in West Des Moines, Iowa, FMH has a storied history dating back to 1893. Managed by the same family for over 130 years, FMH stands as a testament to enduring values of financial strength, personal service, and family ethos. The company prides itself on offering comprehensive risk management solutions that include both private and federal crop insurance, reinsurance, and brokerage services. Notably, FMH leads the industry in leveraging precision data for enhanced crop insurance processes through its FMH Precision Crop Insurance Solutions™.

About Global Ag Insurance

Since its inception in 2012 in Fresno, California, Global Ag has specialized in providing tailored crop insurance solutions primarily to western specialty crop producers and agents. Before becoming part of FMH through this acquisition, Global Ag operated as a wholly owned subsidiary of AXA XL.

The Future Outlook

This acquisition by FMH not only signifies a pivotal growth phase for both companies but also underscores a shared commitment to serving America's agricultural community with innovative risk management solutions. As FMH integrates Global Ag's expertise and specialized offerings into its operations, the agricultural sector stands to benefit from an expanded suite of insurance solutions designed to meet the evolving needs of farmers and producers across the nation.