Ace Group says it has started an agriculture P&C business, Ace Agribusiness to offer farm and ranch and specialty commercial insurance products and services to the agriculture market.

Ace Agribusiness, headquartered in Johnston, Iowa, is comprised of Penn Millers Insurance Company, acquired by Ace in 2011, and the Farm and Ranch division of Rain and Hail Insurance Service, acquired by ACE in 2010.

“Unifying the Penn Millers commercial agricultural business and Rain and Hail's Farm and Ranch division under the new name–Ace Agribusiness–strengthens ACE's offerings in this segment. It also builds upon Ace's leading franchise, broadening our portfolio in this market, by bringing Ace's specialty commercial property and casualty expertise to agriculture businesses,” says Michael Coleman, division president of Ace Agriculture, in a statement.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.