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July 07, 2015 9:32 AM ET

Insurance

Company Overview of Farmers Group, Inc.

Company Overview

Farmers Group, Inc., doing business as Farmers Underwriters Association, offers multiline insurance solutions in the United States. The company provides auto and recreation insurance including auto, collectible auto, motorcycle, boat, travel trailer, and motor home insurance; and home insurance such as homeowner, renters, condo, mobile home, and specialty home insurance. It also offers life and financial insurance that includes term life and whole life insurance, annuities, and mutual funds. In addition, the company provides business insurance that includes business liability, professional service, auto service/repair, and business umbrella insurance; and home/building service products. Furt...

4680 Wilshire Boulevard

Los Angeles, CA 90010

United States

Founded in 1928

7,935 Employees

Phone:

323-932-3200

Fax:

323-932-3101

Key Executives for Farmers Group, Inc.

Chief Executive Officer and President
Age: 58
Chairman and Group Chief Risk Officer of Zurich Insurance Group AG
Age: 56
Chief Financial Officer and Executive Vice President
Chief Operations Officer
Senior Vice President, Director and President of Farmers Business Insurance
Age: 70
Compensation as of Fiscal Year 2015.

Farmers Group, Inc. Key Developments

Farmers Insurance Announces Management Changes

Farmers Insurance announced the appointment of Alan Gildemeister as Chairman of the Fire Insurance Exchange Board of Governors effective March 16, 2015. Gildemeister succeeds Dale Marlin, who served two separate terms as Chair, and will continue to serve on the Boards of Governors for the Fire Insurance Exchange and Farmers Insurance Exchange. Gildemeister joined the Fire Insurance Exchange Board in 2009 and has served as Vice Chair for the past three years. Gildemeister also remains on the Board of the Truck Insurance Exchange, which he joined in 2003.

Farmers Insurance Appoints Thomas White as President of Farmers Non-Insurance Businesses

Farmers Insurance announced the appointment of Thomas White to the post of president of Farmers Non-Insurance Businesses. In this newly created position, White will oversee Farmers non-insurance businesses including Farmers Financial Solutions (FFS) and Kraft Lake, as well as the development of future new business opportunities. Reporting to Farmers Chief Executive Officer Jeff Dailey, White will be focused on deepening customer relationships and supporting business growth for Farmers 50,000 exclusive and independent agents. He has more than 30 years of experience in the insurance industry, serving most recently as group head of human resources for Zurich. He also served as Zurich Japan's chief executive officer and Farmers New World Life's president and chief executive officer. Prior to joining Zurich, White held a variety of senior positions around the world with AIA, Prudential and AIG, beginning his career as an exclusive agent for Allstate.

Farmers Insurance Switches to Xactware's Claims Handling Solutions

Farmers Insurance chosen to implement Xactware's suite of claims-handling solutions. Xactware is a member of the Verisk Insurance Solutions group at Verisk Analytics. armers, the third-largest insurer of automobiles and homes in the United States, will immediately begin rolling ut Xactware's claims-estimating platform, Xactimate(R), and its full-cycle claims management network, XactAnalysis(R). Xactware's comprehensive claims-estimating solution includes online and mobile applications, exhaustive cost research, the Xactware Cloud, 24/7 customer support, and more. The claims management solution includes claims tracking, analytics, business intelligence tools, and a wide range of tools for claims handlers, estimators, and managers.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 10, 2014
Farmers Group, Inc., Westerre I and II
 

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