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13 January 2023Insurance

AmericanAg shuffles executive leadership to develop long-term strategy

US reinsurer  AmericanAg has shuffled its executive leadership team as it looks to further develop its long-term reinsurance and portfolio placement strategy.

The two important changes, effective February 1, include the promotion of Andy Martin (Pictured Left) to senior vice president of Farm Bureau client relations, and Meredith Williams (Pictured Right) as senior vice president of reinsurance strategy and placement at AmericanAg.

In his new role, Martin will lead the Farm Bureau client relations department, formerly known as business development, which serves and supports the company’s Farm Bureau insurance company clients. He will be assuming the position currently held by Doug Schmid, who is transitioning to the role of special vice president and account executive.

Martin joined AmericanAg as a casualty treaty underwriting manager in 2014, after 15 years in various claims and underwriting functions at Country Financial. He was appointed vice president of claims in 2016, and vice president and account executive in 2019.

Williams, in his new role, will be at the leadership of a newly created department charged with developing and executing the company’s reinsurance strategy and overseeing portfolio placement.

He has served as vice president of Ceded Re at AmericanAg since 2016. Previous roles have included reinsurance manager at Old Republic Insurance Company, vice president of reinsurance at Zurich American Insurance Company, and partner at TigerRisk Partners.

Andrew Boris, executive vice president and CEO of AmericanAg, said: “I am delighted to welcome Andy and Meredith to our Executive Leadership Team. Their experience, knowledge and industry relationships will make the company stronger and place it in a better position to identify and deliver on a comprehensive long-term strategy for success.”

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18 January 2023   The new hire will be responsible for underwriting broker assumed portfolio in several markets.
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13 December 2022   The hire previously worked at EMC Reinsurance for over 12 years.
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20 April 2022   The executive replaces Andrew Boris who recently transitioned to the role of CEO.