AgriLogic Insurance Services, LLC has been acquired by Diversified Crop Insurance Services. Aspen Announces Strategic Partnership with CGB Diversified Services Hamilton, Bermuda, December 19, 2017 - Aspen Insurance Holdings Limited (“Aspen”) (NYSE:AHL) announced today a strategic partnership with CGB Diversified Services, Inc. (“CGB DS”). Under the terms of this partnership, Aspen has acquired a 23.2% stake in a newly formed company, Crop Re Services LLC (“Crop Re”), which is responsible for directing the placement of reinsurance on behalf of CGB DS. The remaining 76.8% of Crop Re is owned by CGB DS. In exchange for its stake in Crop Re, Aspen has sold AG Logic Holdings, LLC (“AgriLogic”), its U.S. crop insurance business, to CGB DS for $68.4 million. Those years of experience make us different. That perspective makes us different. Diversified Crop Insurance agents can feel that difference as soon as they become a part of our team. Farmers can tell a difference as soon as they develop a relationship with DCIS agents. Our commitment to service goes beyond making the right decision. Our claims and underwriting staff have experience and understanding that make you better than the rest. We use state of the art analysis to help our customers know and understand the value of each alternative. We supply our clients with programs that involve grain marketing plans, futures, and options strategies and other ways of integrating crop insurance with an overall risk management plan. No one else in the industry has the tools that make DCIS agents stand apart from the competition.
