Reinsurance News
Farmers Insurance
Spanish farmers renew Meteo Protect weather cover following 2017 heatwaves
26th April 2018
Meteo Protect is to provide parametric weather re/insurance for the second year running to 22,000 olive farmers in Spain following record-breaking temperatures during the summer of 2017. The Agricultural Association of Young Farmers (Asaja), which is the largest professional agricultural association in Spain, will provide the insurance, which protects olive fields ... Read the full article
Swiss Re joins global alliance to support smallholder farmers
25th April 2018
Swiss Re Corporate Solutions has launched a new global initiative in collaboration with World Bank Group member IFC, pharmaceutical and life sciences company Bayer, and irrigation manufacturer Netafim, which aims to support smallholders grow their farms into sustainable, commercially viable businesses. The initiative, called Better Life Farming, will offer risk transfer ... Read the full article
Reinsurers to pay most of Farmers $1.2bn Northern Cali wildfire bill
15th December 2017
Farmers Insurance has announced that it's received more than 4,000 claims from the Northern California wildfires, with an estimated total cost of $1.2 billion, the majority of which will be passed onto its reinsurers. The California Department of Insurance announced recently that insurance claims filed in relation to the October ... Read the full article
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