Farmers Mutual Hail Expands with Acquisition of Global Ag Insurance Services

Farmers Mutual Hail Insurance Company of Iowa (FMH) has announced its acquisition of Global Ag Insurance Services from AXA XL, marking a significant expansion for the 131-year-old crop insurance provider. This move aims to enhance FMH's offerings, particularly for specialty crop farmers, through Global Ag's innovative crop insurance solutions. FMH President and CEO, Shannon Rutledge, expressed enthusiasm for the acquisition, highlighting it as a key component in the company's strategy to diversify and strengthen its national presence.

Global Ag, known for its expertise in the western U.S. crop insurance market, brings a wealth of regional knowledge and a robust suite of products, including USDA multi-peril crop insurance and specialty private products. This acquisition is seen as a strategic fit for FMH, aligning with its vision to offer comprehensive farm insurance solutions. Jordan Roach, CEO of Global Ag, affirmed the positive impact of this partnership, especially given the growing demand for specialty crop insurance solutions.

The collaboration between FMH and Global Ag is expected to provide enhanced risk management solutions to a broader spectrum of the agricultural community, reinforcing FMH's position as a leading provider in the crop insurance sector. Both companies express optimism about the future prospects of this partnership, aiming to meet the evolving needs of America's farmers and producers.