Farmers Mutual Hail Insurance Company of Iowa Completes Acquisition of John Deere Insurance Company

(West Des Moines, Iowa ? March 31, 2015) ? Farmers Mutual Hail Insurance Company of Iowa (FMH) today announced it has completed the closing on the acquisition of John Deere Insurance Company and John Deere Risk Protection, Inc.

fmh_building(West Des Moines, Iowa – March 31, 2015) – Farmers Mutual Hail Insurance Company of Iowa (FMH) today announced it has completed the closing on the acquisition of John Deere Insurance Company and John Deere Risk Protection, Inc.

“The combination will take two very reputable, well respected mid-tier companies and create a top-tier company with a national footprint and enormous potential,” said Ron Rutledge, FMH Chairman, President and CEO.

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 9 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.

 

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