Who We Are
The complexity of the crop insurance industry demands proactive and innovative solutions. That's why AgRisk Management Technologies (ARMtech) was created. ARMtech has blended extensive agribusiness experience with insurance expertise and high-tech software development.
ARMtech was founded in 1996 and revolutionized crop insurance industry software. The company then entered the crop insurance services business in 1999 as a Texas-based managing general agency. In an effort to enhance the service to customers and business partners, ARMtech acquired American Agri-Business Insurance Company (AA-BIC) in 2003. AA-BIC holds the Standard Reinsurance Agreement with the Federal Crop Insurance Corporation which is managed by ARMtech Insurance Services, Inc.
In December of 2007, ARMtech joined with Endurance Specialty Holdings Ltd as an independent business unit and wholly-owned subsidiary. Endurance is a highly rated global provider of property and casualty insurance and reinsurance and is publicly traded on the NYSE with over $7 billion in assets and over $2 billion in shareholders' equity. A.M. Best has rated Endurance Specialty Insurance Ltd. an A-stable.
Kenneth J. LeStrange, the Chairman, President and Chief Executive Officer of Endurance, said, “ARMtech has established itself as one of the preeminent participants in the crop insurance industry. ARMtech's commitment to customer service, dedication to technological superiority and knowledgeable approach to its selected specialty align superbly with Endurance's values and objectives.”
Sam Scheef, President and CEO of ARMtech, said “We believe Endurance is the ideal business partner to help us continue on our path towards becoming the nation's premier crop insurance provider. We are excited about the opportunities Endurance will enable for our agents and employees.
Both companies bring a conservative and lean approach to the operation of their respective businesses. Endurance is known for its expertise in a variety of niche markets related to property, casualty, healthcare liability, workers' compensation and professional lines of insurance. ARMtech has revolutionized the crop insurance industry with fully-integrated proprietary software that allows agents access and ease of management of their policyholders' information.
In partnering with Endurance, ARMtech has sharpened it's competitive edge and continues it's proud tradition in the evolving and dynamic ag industry. |