American Agricultural is set to dismantle the complex master-slip arrangement that it has used for many years to cede hundreds of millions of dollars of cat premium from its Farm Bureau reinsureds into the international market, The Insurance Insider understands.
Instead of asking brokers Guy Carpenter and Towers Watson to place the Farm Bureau retro cover as a whole, the reinsurance brokers will be instructed to place separate cat programmes for each of the Farm Bureaux.
According to sources the...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.