Re/insurance underwriter Everest Re has made a strategic alliance between its US crop insurance unit, Heartland Crop Insurance, and Global Ag Risk Solutions (GARS). The new partnership will deliver GARS production cost Insurance to farms across the US through Heartland agents.
Heartland will provide the production cost insurance product to farming operations across the country. The new Heartland-GARS alliance is effective will begin business at the start of the 2016 crop year.
“We are proud to partner with GARS as the only US crop insurance provider able to offer this innovative protection to US farming operations,” said Wade Shuler, president of Heartland Crop Insurance.
“This ground-breaking product provides the American farmer individualised protection specific to their own farm and insures all of a farmer’s variable inputs and a significant portion of their fixed costs as well.
“We are excited to be at the forefront of this new venture and support its success with our broad agent network, leading claims services and strong balance sheet. We look forward to a long and beneficial relationship with GARS and their outstanding team.”
Everest Re, Heartland Crop Insurance, Global Ag Risk Solutions, Wade Shuler, Bermuda, North America