Farmers Mutual Hail Purchases Crop Insurance Provider from AXA XL

Farmers Mutual Hail Insurance Company of Iowa (FMH) has recently finalized its acquisition of Global Ag Insurance Services, a subsidiary of AXA XL specializing in crop insurance services. Global Ag, located in the western United States, focuses on providing a variety of crop insurance solutions tailored to meet the specific needs of agricultural producers and growers, including the USDA multi-peril crop insurance program and specialty private and named peril products. President and CEO of FMH, Shannon Rutledge, is excited about the acquisition, emphasizing its significance in FMH's efforts to expand and diversify its national presence.

Rutledge stated, "I am thrilled about this partnership and its potential impact as we continue to broaden and diversify our presence nationwide. The expertise and accomplishments of the Global Ag team will contribute to our long-term strategy of strengthening our core crop insurance business." Discussing the strategic benefits of the acquisition, Rutledge highlighted its alignment with FMH's goal of becoming a leading provider of comprehensive farm insurance solutions nationwide.

The collaboration aims to enhance FMH's relationships with specialty crop producers and agents by leveraging the existing connections established by Global Ag. Jordan Roach, CEO of Global Ag, also expressed optimism about the merger, noting the timely nature of the deal given the increasing demand for specialty crop risk management solutions. Roach said, "This partnership comes at a critical time as we witness sustained growth and heightened demand for specialty crop risk management solutions.

FMH's proven track record and commitment to crop insurance will greatly benefit our customers." Headquartered in West Des Moines, Iowa, FMH has been serving the American agricultural community since 1893 with over 130 years of family management. They offer a wide range of risk management services, including private and federal crop insurance, reinsurance, and brokerage services.