Global Ag Insurance Services is a crop insurance provider based in California that offers comprehensive agricultural risk management solutions primarily to western specialty crop producers and agents. Global Ag’s team and partners are deeply committed to improving the delivery of agricultural risk management solutions in the western United States.
Headquartered in Fresno, California, Global Ag was founded by Jordan and Brandon, two brothers with deep roots in the California agricultural community. While serving as a trusted advisor and specialty crop agent to some of the largest agribusiness companies in the nation, Jordan realized that the majority of risk management tools and solutions available to specialty crop producers and growers were not well suited to meet the unique needs of producers in the western region of the United States.
Conventional risk management and crop insurance solutions were historically designed to address the needs of corn growers in the Midwest and cotton growers in the South, but very few tools had been developed with the western specialty crop producer in mind. Additionally, prior to the launch of Global Ag, all of the existing companies offering crop insurance in the western United States were headquartered outside of the region. As a result, they often lacked the specialized knowledge and relevant experience in specialty crop agricultural risk management that was required to effectively address the needs of growers and producers in the region, a fact that was not lost on Jordan or most specialty crop agents.
Jordan had always been a strong advocate for better solutions for western specialty crop growers and producers. He had testified in front of the Congressional House Agriculture Committee and served as Vice-Chair of the Crop Insurance Professionals Association (CIPA), a national organization dedicated to strengthening the crop insurance program for farmers. Building on his experience, Jordan recognized that a unique opportunity existed to materially improve the quality and scope of agricultural risk management solutions available in the western United States. Joined by his brother, Brandon Roach, the two set out to change an industry and make a meaningful difference in the lives of western growers and producers.
Brandon is a graduate of the United States Naval Academy and a decorated combat veteran with the US Navy SEAL Teams. He earned an MBA from the Stanford Graduate School of Business where he was an Arjay Miller Scholar, and spent five years as a Vice President at Summit Partners, a global private equity firm with over $11 billion of capital under management. Leveraging his experience in the financial and capital markets, along with his roots in California agriculture, Brandon sought to identify a well-established partner for Global Ag that could provide the necessary capital and experience for improving the delivery of risk management solutions to western specialty crop producers and growers.
After spending time with the executive team at XL Reinsurance America, a subsidiary of XL Group Ltd (NYSE: XL), Brandon and Jordan were confident they had found an ideal partner. XL Group is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL Reinsurance America participated in the Federal crop insurance program for over a decade, during which time the Company successfully underwrote more than two billion dollars of MPCI crop insurance premium. As of December 31,2015 , XL Group had consolidated assets of approximately $58.4 billion and consolidated shareholders’ equity of $13.0 billion.
After a lot of hard work, steadfast support, and invaluable feedback from specialty crop growers and agents, Global Ag became the first crop insurance provider to be based in California and the only company in the Federal MPCI program focused primarily on specialty crop producers and agents. The Company currently offers a comprehensive solution of Multi-Peril Crop Insurance (MPCI) and named peril products to specialty crop producers and growers. The employees, agents, growers and producers that are part of the Global Ag community share a common goal and deep commitment to the continued improvement of agricultural risk management solutions in the western United States.
On February 26, 2014 XL Group announced that XL Reinsurance America Inc., a subsidiary of XL Group plc (NYSE:XL), acquired Global Ag Insurance Services. The acquisition provided Global Ag with additional resources and a global capital base to continue to build one of the most accomplished teams of adjusters and underwriters in the industry and drive continued improvement in the delivery of agricultural risk management solutions.
On May 1, 2015 XL Group announced that it has completed the acquisition of Catlin Group Limited (“Catlin”) (LSE: CGL). The combination made for a larger, stronger, more capable firm, with a leading presence in the global specialty insurance and reinsurance markets. Most importantly, the combination of talent and expertise allows XL Catlin to better assist clients in solving the world’s most complex risks.
On September 12, 2018, XL Group merged with AXA Group, a worldwide leader in insurance and asset management, with over 160,000 employees in 62 countries. The combination of AXA’s and XL Group’s existing positions propelled the Group to the #1 global position in P&C Commercial lines. As of December 31, 2017 AXA had more than one trillion dollars in assets under management.
Global Ag Company Values
Accountability – We are responsible for our actions that influence the lives of our growers and agents.
Collaboration – We succeed by building collaborative and productive working relationships.
Empowerment – We are empowered to take the initiative and get the job done.
Integrity– We say what we mean and do what we say with honesty and integrity.
Results – We set clear goals and deliver consistently by having a bias for action.
Service Excellence – We provide world class service by working harder than everyone else.