AGRICULTURE TREATY REINSURANCE
Our Agriculture reinsurance team offers unparalleled expertise and a deep understanding of diverse markets. With a well-rounded portfolio covering both mature and emerging markets, we have built long-lasting relationships with brokers and clients world-wide.
Agriculture Reinsurance Solutions – What we do
We write a diverse global portfolio of agriculture business comprising pro-rata, excess of loss and stop loss treaties. While our core offering is on treaty reinsurance, we also write facultative programmes on a case-by-case basis. We provide reinsurance coverage for traditional agriculture insurance with on-sight loss adjustment including:
- Indemnity-based crop insurance (named peril, multiple perils, revenue insurance)
- Livestock insurance
- Greenhouse insurance
- Aquaculture insurance
- Forestry insurance
We also provide reinsurance coverage for parametric products including:
- Area-yield index insurance
- Weather-based index insurance
- Satellite imagery-based index insurance
Our expert knowledge of the industry allows us to design alternative structured solutions, utilise quoting programmes and share industry experience on a broad geographic scope.
Additionally, we provide coverage for agricultural aviation insurance, offering protection for aircraft used in seeding, spraying, and crop-dusting operations.
What makes us different
We pride ourselves on our ability to adapt and provide tailored agriculture reinsurance solutions, leveraging advanced climate data and comprehensive research to deliver precise, effective coverage. Our presence as the only global desk in Asia among Lloyd’s syndicates gives us a significant advantage, allowing us to be at the forefront of the agriculture reinsurance market and provide unique insights and opportunities.
Our team aims to provide complementary capacity, especially for complex risks that require specialised attention. This approach, combined with our commitment to transparency, collaboration, and rapid decision-making, ensures that our clients receive the best possible service. We also aim to advance the understanding of insurance in agriculture by sharing best practices and innovative risk-management strategies.
Speak to one of our specialist underwriters
FAQs
What is reinsurance in crop insurance?
Reinsurance in crop insurance is a risk management tool that insurance companies use to protect themselves against significant losses due to large-scale unpredictable agricultural events. These can be widespread events like droughts, floods, typhoon or local events like pest infestation and hail.
Through reinsurance, the crop insurer transfers part of its risk to another insurance company, known as the reinsurer. This allows the primary insurer to maintain financial stability even when paying out large claims so they can continue to provide affordable coverage to farmers, particularly in regions prone to severe weather events or other risks. Insurance in agriculture is essential for promoting long-term sustainability and affordability for both insurers and farmers alike.
