Farmers Mutual Home Insurance to become part of Battle Creek Mutual
FARGO, N.D. - Battle Creek Mutual Insurance Company (a member of the Nodak Mutual Group) and Farmers Mutual Home Insurance Company are in the process of finalizing a Reinsurance and Assumption Agreement that will allow the Farmers Mutual Home policyholders to become part of Battle Creek Mutual Insurance Company and benefit from the capital and surplus of the Nodak Mutual Group. The Nodak Mutual Group is an A- “Excellent” A.M. Best rated group of companies with the corporate headquarters located in Fargo, North Dakota. Nodak Mutual Insurance Company is the Farm Bureau affiliate in North Dakota and the largest domestic insurance company in that state. “We are pleased to find a partner in Battle Creek Mutual Insurance Company, located in Battle Creek, Neb., which is also part of a larger group of financially strong companies that value the mutual company operating model and is a leading writer of auto, home and farm/ranch insurance,” said Kyle Von Seggern, Secretary/Treasurer, Farmers Mutual Home Insurance Company. “We welcome the opportunity to offer the Farmers Mutual Home agents and policyholders the benefit of a Nebraska-based mutual insurance company in Battle Creek Mutual combined with the financial strength of the Nodak Mutual Group,” said Nodak Mutual’s Executive Vice President and CEO Jim Alexander. The Farmers Mutual Home policyholders will be asked to approve the Reinsurance and Assumption Agreement and a notice regarding the meeting of the policyholders will be sent this week. Additional information regarding the Reinsurance and Assumption Agreement will be provided as it comes available in the next few weeks. Back to NEWS |
