Iowa’s Farmers Mutual Hail, John Deere Insurance Close Acquisition

April 1, 2015

Farmers Mutual Hail Insurance Company of Iowa (FMH) announced its acquisition of Illinois-based John Deere Insurance Company and John Deere Risk Protection Inc. is complete

Headquartered in West Des Moines, Iowa, FMH has served America’s farmers since 1893 with a combination of financial strength, personal service, and Midwestern values. A leader in the crop insurance industry, the company has been managed by the same family for over 120 years, and has a reputation of building lasting relationships that benefit their employees, business partners, and customers.

FMH provides comprehensive risk management solutions, including private and federal crop insurance, reinsurance products and services, as well as farm and ranch insurance that includes auto, property, and liability coverage.

Deere had been involved in the crop insurance business for nine years, during which John Deere Insurance Company had become a top-10 provider of crop insurance with national distribution and a product portfolio of both government-backed multi-peril crop insurance (MPCI) coverages as well as private crop insurance products such as crop hail protection.

Source: Farmers Mutual Hail Insurance Company of Iowa

Iowa’s Farmers Mutual Hail Insurance to Acquire John Deere Crop Insurance

Deere Mulls Sale of Crop Insurance Business

Topics Mergers Agribusiness Iowa

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