Aon Benfield warns of 20-30% reduction in profit for crop insurers
Aon Benfield report reveals that proposed changes to the Standard Reinsurance Agreement by the USDA could induce challenging market conditions for US crop reinsurers participating in the Federal insurance program.
The report reveals that the proposed cuts would likely reduce reinsurers' expected profit by 20-30%, which could lead to some companies withdrawing from the program or scaling back their capacity.
The
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