FCCS News & Insights

Naomi Baumann Named to Captive Internation's 40 Under 40

Naomi Baumann Named to Captive International’s 40 Under 40

FCCS is proud to celebrate Vice President of Claims and Insurance Services Naomi Baumann, who has been selected as one of Captive International’s 40 Under 40 — a prestigious recognition honoring the next generation of leaders shaping the future of captive insurance.

The Captive International 40 Under 40 award recognizes rising professionals who demonstrate exceptional technical expertise, strategic leadership, and meaningful impact within the captive insurance industry. Being selected from a competitive field of nominees across the industry is a remarkable achievement, and one that reflects both Naomi’s individual excellence and the strength of the team she represents.

A Leader at the Intersection of Strategy and Service

With more than 15 years of experience in commercial insurance, risk management, and claims operations, Naomi brings valuable expertise into her role at FCCS. As VP of Claims and Insurance Services, she oversees the full scope of claims management for the Farm Credit Captive Insurance Company — a program that protects all 69 Farm Credit institutions operating across all 50 states. Her responsibilities span complex claims resolution, coverage strategy, loss prevention, vendor oversight, and board-level governance — a portfolio that demands both deep technical expertise and the kind of steady, principled judgment that earns trust at the highest levels of an organization.

What sets Naomi apart is not just what she manages, but how she approaches it. She is known for her ability to navigate high-stakes, ambiguous situations, while bringing clarity, defensibility, and integrity to every outcome. Rather than defaulting to the fastest answer, Naomi consistently ensures decisions are thoroughly analyzed, well-documented, and aligned with the Captive’s long-term interests. It is a leadership style that reflects the values at the core of the RMIS team at FCCS: discipline, transparency, and an unwavering commitment to doing right by the institutions we serve.

Strengthening the Captive – and Farm Credit – From the Inside Out

Naomi’s work directly supports the Farm Credit Captive’s mission to provide stable, reliable coverage to Farm Credit institutions, particularly when commercial markets cannot. Over the past year, she has played a central role in expanding coverage solutions, strengthening claims governance, and modernizing insurance programs to address emerging exposures including cyber risk, vendor dependency, and evolving lending liabilities. She has also advanced loss prevention initiatives and premium credit frameworks that encourage Farm Credit institutions to proactively manage risk, rather than simply respond to it.

Perhaps equally important is Naomi’s commitment to education and stakeholder engagement. She works actively with boards and executives across the Farm Credit System to build confidence in their risk oversight responsibilities and deepen their understanding of how the Captive supports their institutions. Complex insurance concepts become accessible, actionable guidance in her hands — and the result is stronger governance, greater member engagement, and a shared understanding of the Captive as a strategic asset, not just an insurance mechanism.

That impact ripples outward. The Farm Credit System finances agriculture and rural communities across America, supporting the farmers, ranchers, and rural businesses that ultimately put food on tables and sustain local economies. When the Captive is well-governed, financially strong, and strategically responsive, every institution it protects is better positioned to fulfill that mission. Naomi’s work sits at the center of that chain of impact.

A Reflection of Our Team

This recognition belongs to Naomi, but it also reflects something larger. The Risk Management and Insurance Services team at FCCS is a group of deeply experienced professionals who have dedicated their careers to protecting Farm Credit, and who bring a level of institutional knowledge, mission alignment, and expertise that simply cannot be replicated by a generalist captive manager. Naomi’s selection as a 40 Under 40 honoree is a testament to the caliber of that team, and to the culture of excellence, integrity, and continuous growth that defines how we serve our members.

Outside of her professional role, Naomi serves on the Board of Directors for the Denver Chapter of the Claims Litigation Management (CLM) Alliance, where she advances industry education and collaboration among claims and litigation professionals. She is also currently pursuing her MBA at Louisiana State University — a reflection of the same commitment to growth and long-term leadership that she brings to her work every day.

Please join us in congratulating Naomi on this well-deserved recognition. We are proud to have her on our team, and even prouder of the difference her work makes — for the Farm Credit Captive, for our member institutions, and for the agricultural communities they serve.