Mergers cause drought in US crop reinsurance demand

Consolidation in the US primary crop market has reduced quota share
demand, which has led some reinsurers to question their future
involvement in the business.
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 carrier, Rural Community
Insurance Services (RCIS),