SCHAUMBURG, Ill. – American Agricultural Insurance Company (AmericanAg®) confirmed that Pat Larsen, senior vice president of client retro and broker assumed pool management, will retire on Jan. 31, 2027. Larsen’s departure marks the end of a 36‑year career in the reinsurance industry, including 18 years with AmericanAg.
Career highlights and role
In his current position, Larsen works closely with AmericanAg’s clients, global retrocession partners, and internal teams to design retrocession solutions. He also oversees the broker‑assumed pools that the company maintains for select clients, helping to protect farms and agricultural insurers across the United States.
Personal reflections
“I’ve been incredibly fortunate to work with so many intelligent, professional, and authentic colleagues and business partners these past 18 years at AmericanAg and throughout my entire career in reinsurance,” Larsen said. “I’m ready for, and excited about, what lies ahead for my family and me as I start this next chapter.”
Company response
Andrew Boris, executive vice president and chief executive officer of AmericanAg, praised Larsen’s contributions. “Pat has been a trusted colleague and an important partner to our clients throughout his many years with AmericanAg,” Boris said. “His deep understanding of reinsurance, commitment to building strong relationships, and willingness to share his expertise have made a lasting contribution to our organization. Pat has always represented the best of AmericanAg with his warmth and deep care for the people that he worked with in and outside the company.”
Transition plan
AmericanAg indicated that details regarding the transition of Larsen’s responsibilities will be shared in the coming weeks. The company expressed sincere appreciation for his service and wishes him and his family all the best in retirement.
About AmericanAg
Founded in 1948, American Agricultural Insurance Company is among the nation’s top domestic reinsurers. It provides reinsurance directly to Farm Bureau® insurance companies and participates in both U.S. and international reinsurance programs through the broker marketplace. AmericanAg holds an “A” (Excellent) rating from A.M. Best and continues to expand its presence in new markets worldwide.
For more information, visit aaic.com.
Original reporting: KTBS 3 (Shreveport) — read the source article.
