The ACE Group has formed ACE Agribusiness, an agriculture property and casualty insurance business. ACE Agribusiness is comprised of Penn Millers Insurance Co., acquired by ACE in 2011, and the Farm and Ranch division of Rain and Hail Insurance Service, acquired by ACE in 2010.
ACE Agribusiness will offer farm and ranch and specialty property and casualty commercial insurance products and services to the agriculture market.
Rain and Hail, an insurance subsidiary of the ACE Group, will continue to offer its suite of crop products including multi-peril crop insurance, crop hail coverages, and named peril products specific to the agriculture market, under its existing name.
ACE’s agriculture businesses, Rain and Hail, and ACE Agribusiness, headquartered in Johnston, Iowa, is a provider of multi-peril crop insurance and a provider of crop hail and commercial agricultural insurance to farmers and businesses in the United States and Canada.
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