Producers Ag Insurance Group
Founded Year
1926Stage
Acquired - II | AcquiredAbout Producers Ag Insurance Group
ProAg is one of the leading writers of crop insurance in the United States with gross earned premiums of $633.5 million in 2013. The company writes multi-peril crop, crop hail, named peril and livestock insurance. In 2013, ProAg was the sixth largest writer of multi-peril crop insurance and crop hail insurance, with a 5% market share. The company is headquartered in Amarillo, Texas with seven offices across the United States.
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Latest Producers Ag Insurance Group News
Apr 23, 2019
Producers Ag Insurance Group, Inc. (ProAg), a member of the Tokio Marine HCC (TMHCC) group of companies, announced a purchase agreement had been signed to acquire crop managing general agent AmTrust Agriculture Insurance Services (AmTrust Ag), a subsidiary of AmTrust Financial Services. The transaction, which is subject to regulatory approvals, is expected to close by May 1, 2019. Headquartered in Leawood, Kansas, AmTrust Ag manages multi-peril crop, crop hail, livestock and named peril crop insurance. AmTrust Ag products are underwritten by Technology Insurance Company, Inc., an Approved Insurance Provider under the Federal crop insurance program. In 2018, the company managed gross premiums of $103 million, as reported by National Crop Insurance Services (NCIS). “ProAg believes AmTrust Ag provides a complementary platform to add business from a strong portfolio of independent agents, while improving our profitability and enhancing our diversified portfolio through strategic partnerships. This acquisition shows TMHCC’s and ProAg’s continued commitment to the U.S. crop insurance space. We are pleased to welcome AmTrust Ag’s employees and independent agents to ProAg. Together with AmTrust Ag, we will work through the details over the coming weeks to provide a seamless transition for policyholders, agents and employees.” – President and CEO of ProAg, Kendall Jones. Share this
Producers Ag Insurance Group Frequently Asked Questions (FAQ)
When was Producers Ag Insurance Group founded?
Producers Ag Insurance Group was founded in 1926.
Where is Producers Ag Insurance Group's headquarters?
Producers Ag Insurance Group's headquarters is located at 2025 South Hughes Street, Amarillo.
What is Producers Ag Insurance Group's latest funding round?
Producers Ag Insurance Group's latest funding round is Acquired - II.
Who are the investors of Producers Ag Insurance Group?
Investors of Producers Ag Insurance Group include Tokio Marine HCC, TruStage, Ritchie Capital Management and MEMBERS Capital Advisors.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
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