GUELPH, ON, Dec. 11 /CNW/ - The Co-operators has formed an alliance with
AGCO Corporation to offer a comprehensive package of commercial property and
casualty insurance to AGCO's agricultural equipment dealers. AGCO Corporation
is a global manufacturer and distributor of agricultural equipment and related
replacement parts. AGCO has one of the largest global distribution networks
worldwide, including more than 200 independent dealers in Canada.
    This alliance will provide Canadian AGCO Corporation agricultural
equipment dealerships a one-source business insurance solution, with
competitive rates, customized programs, and best-in-class service. Dealerships
that take advantage of this new insurance coverage offered by The Co-operators
will enjoy benefits such as:

    -   Customized coverages to meet their specific business needs
    -   Risk management solutions to help reduce potential losses and save
        agricultural equipment dealers money
    -   "Back to Business" claims service to keep dealers focused on the most
        important part of their business - their customers.

    "This is an exciting opportunity for us to work with this outstanding
company to roll out a business insurance program tailored to the needs of
these dealers," says Heather Woodward, Director - Special Lines Products and
Communications at The Co-operators. "Program participants will benefit from
our history and experience in helping to protect agribusinesses."
    "This comprehensive insurance package provides outstanding value to our
dealers," says Alistair McLelland, Vice President of Sales & Distribution,
AGCO North America. "AGCO Corporation is committed to offering our dealers
products and services that keep their businesses profitable."

    About The Co-operators:

    Based in Guelph, Ontario, The Co-operators is a group of Canadian
companies offering home, auto, life, group, commercial and farm insurance, as
well as investment products and property development. With assets of more than
$7 billion, The Co-operators is owned by a group of Canadian co-operatives,
credit unions and like-minded organizations. It is well known for its
community involvement, and is listed among the 50 Best Employers in Canada.
For more information, please visit www.cooperators.ca.

    About AGCO Corporation:

    Founded in 1990, AGCO Corporation (NYSE:AG) is a global manufacturer of
agricultural equipment and related replacement parts. AGCO offers a full
product line including tractors, combines, hay tools, sprayers, forage,
tillage equipment and implements, which are distributed through more than
3,200 independent dealers and distributors in more than 140 countries
worldwide. AGCO provides retail financing through AGCO Finance. The company is
headquarted in Duluth, Georgia, and in 2006, had net sales of $5.4 billion.
    More information about AGCO Corporation can be found at www.agcocorp.com

For further information: Leonard Sharman, The Co-operators,
1-877-795-7272, ext. 2707