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Corporation
FINANCIAL | Insurance
proag.com

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Founded Year

1926

Stage

Acquired - II | Acquired

About 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.

Producers Ag Insurance Group Headquarter Location

2025 South Hughes Street

Amarillo, Texas, 79109,

United States

Latest Producers Ag Insurance Group News

ProAg Announces Agreement to Acquire AmTrust Ag

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

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