Going global: why AmericanAg is expanding its footprint


Going global: why AmericanAg is expanding its footprint

Pat Larsen, senior vice president, AmericanAG

US reinsurer AmericanAg is on a mission to grow its international broker-led portfolio. The firm’s Pat Larsen explains why—and what sets the business apart in the context of the hard market.

AmericanAg was formed in 1948 by the American Farm Bureau Federation to provide reinsurance for the Farm Bureau insurance companies—a role that remains its core function as a business.

Some 75 percent of its reinsurance book comprises direct business written for the Farm Bureaus, but the rest of the book is international and US broker-led business—and it is focused on growing this part of its portfolio.

Pat Larsen, senior vice president for broker assumed business at AmericanAg, is an experienced industry veteran who has previously held senior roles with the likes of EW Blanch, Swiss Re, Kemper, and Zurich. Larsen is charged with helping the company expand its international and US broker-led book of business.

AmericanAg, Hard market, Insurance, Reinsurance, Pat Larsen, North America

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