AAIC is a member of the International Cooperative and Mutual Insurance Federation (ICMIF). The company also belongs to ICMIF’s Latin American Reinsurance Group (LARG).

AAIC was founded in 1948 as a direct reinsurer for the U.S.-based Farm Bureau insurance companies, but in the past two decades, a growing portion of its business has come from participation in US and international reinsurance programs through the broker marketplace. In 2018, nearly 40 percent of the company’s net earned premium came from its Broker Assumed operation, with approximately 25 percent of that portfolio from international business.

“At AAIC, our vision is to be an internationally recognized leader in the management of insurance risk,” said Janet Katz, Executive Vice President and CEO of AAIC. “These new authorizations in Argentina and Colombia will allow us to continue making strides toward that vision as we further diversify and grow our business.”