M&A causes US crop reinsurance premium drought
M&A in the US primary crop market has altered the playing
field by removing demand for reinsurance, causing some reinsurers
to question their future involvement.
The reinsurance renewals for multi-peril crop insurance (MPCI)
and crop hail books, which typically take place in March and April
despite their 1 January inception dates, have been overshadowed by
Zurich's decision to pull its existing outwards deals.
Zurich acquired the biggest US MPCI insurer, Rural Community
Insurance Services (R
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