Latevo's mystery MPCI partner

07 Apr, 2015 09:02 AM
Comments
2
 
We’re just finalising everything now, it will be public very soon

MULTI-PERIL crop insurance (MPCI) business Latevo International has confirmed it will change reinsurers this winter cropping season.

Latevo managing director Andrew Trotter said the company was close to making an announcement regarding its new insurer.

“We’re just finalising everything now, it will be public very soon.”

He said there had been an amicable split between Latevo and its former reinsurer Allianz.

“I have to thank Allianz for the work they’ve done with us, now we have separate ideas on how to take these products forward,” Mr Trotter said.

For its part, Allianz intends to focus on the MPCI market with its subsidiary Primacy, which will be offering its PrimeGuard insurance product this year.

FarmOnline
Gregor Heard

Gregor Heard

is the national grains writer for Fairfax Agricultural Media
Date: Newest first | Oldest first

READER COMMENTS

jaydin
8/04/2015 6:15:21 AM

No doubt as Allianz sees the risk and was going to increase their costs.
competition
8/04/2015 7:00:15 AM

It is quite easy to see government subsidies are not required here. New products are emerging and new companies are entering this market.The politics of MPCI is running high but subsidies will only destroy efficient market forces.

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