The National Association of Mutual Insurance Companies (NAMIC) recently awarded Patrick Faga, president/CEO, Central Iowa Mutual Insurance Association, Story, Iowa, the Professional Farm Mutual Manager of the Year Award during NAMIC’s annual convention held Sept. 28 – Oct. 1 in Philadelphia.
The award recognizes the achievements of a farm mutual manager who exemplifies excellence in mutual insurance company management. The recipient is selected based on excellence in marketing, administration, and financial ability as well as his/her involvement in state and national associations, and in the local community.
Under Faga’s guidance, the Central Iowa Mutual Insurance Association has seen dramatic improvement, including a 21 percent increase in written premium; a 152 percent surplus increase; and a 19 percent expense ratio reduction.
Sixteen others receive PFMM designation at the ceremony in Philadelphia.
Source: NAMIC
Topics Agribusiness
Was this article valuable?
Here are more articles you may enjoy.
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
Catastrophe Bond Investors Told to Brace for Jamaica Payout 
World’s Largest Retirement Community Taps Muni Market to Help Build More Homes 
New York Hospital Insurer Files for Bankruptcy, Citing Child Sex Abuse Claims 
