The Climate Corporation Sells Crop Insurance Business To AmTrust Financial Services, Inc.

SAN FRANCISCO--(BUSINESS WIRE)--The Climate Corporation, a division of Monsanto Company (NYSE: MON), announced today the sale of The Climate Corporation’s crop insurance business (CCCIB) to AmTrust North America, a subsidiary of AmTrust Financial Services, Inc. (Nasdaq: AFSI). The agreement also provides AmTrust exclusive access to certain technologies of The Climate Corporation that can be applied in the crop insurance industry for up to three years. The Climate Corporation and AmTrust, along with CCCIB’s carrier, OneBeacon Insurance Group (NYSE: OB), are working together to achieve a smooth transition for CCCIB’s customers.