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US crop insurers and their reinsurers are digesting a diluted final version of the legislation governing the relationship between public and private cover.

There had been fears of significant withdrawal from the business by reinsurers whose margins would be squeezed by the initial proposals, with estimates of a 20 to 30 percent decline in their expected profits.

But the so-called 2011 Standard Reinsurance Agreement (SRA), released on 10 June by the US Department of Agriculture (USDA), is expected to hit...

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• Article
  US crop insurers digest watered-down reforms
• Issue
  June 2010/1
• Subscription
  Inside FAC