Agriculture – InsuranceAsia News https://insuranceasianews.com/industry_segments/agriculture/ Fri, 21 Nov 2025 09:05:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Tokio Marine to acquire US agri risk management firm for US$970m https://insuranceasianews.com/tokio-marine-to-acquire-us-agri-risk-management-firm-for-us970m/ Fri, 21 Nov 2025 08:37:22 +0000 https://insuranceasianews.com/?p=205141 Deal to acquire Commodity & Ingredient Hedging (CIH) is Tokio Marine's second US acquisition this month.

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Japanese insurer Tokio Marine Holdings has agreed a US$970 million deal to acquire Commodity & Ingredient Hedging (CIH), the US provider of risk solutions to the agriculture sector, according to a...

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]]> 360 Underwriting acquires agri specialist MGA Crop Risk Underwriting https://insuranceasianews.com/360-underwriting-acquires-agri-specialist-mga-crop-risk-underwriting/ Wed, 15 Oct 2025 09:08:44 +0000 https://insuranceasianews.com/?p=202056 Sydney-based Crop Risk, which was founded in 2019, offers broadacre insurance, cotton crop (hail and fire) insurance and remote-sensed fire insurance for perennial trees and vines.

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360 Underwriting Solutions, the AUB Group-backed Australian MGA, has acquired a majority stake in Crop Risk Underwriting, a leading crop underwriting agency, the company said in a LinkedIn post.
Sydne...

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]]> Allstate Underwriting, MSI partner to serve Australia’s SME farm insurance https://insuranceasianews.com/allstate-underwriting-msi-partner-to-serve-australias-small-and-medium-farm-insurance/ Wed, 01 Oct 2025 09:00:13 +0000 https://insuranceasianews.com/?p=201098 MSI will provide capacity for Allstate’s ‘farm-pack’ product, offering coverage to property risks and vehicle exposures.

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Envest group firm Allstate Underwriting Agencies and Japanese insurer Mitsui Sumitomo Insurance (MSI) have signed a multi-year capacity agreement to jointly serve Australia’s small- and medium-sized f...

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]]> Losses from India, Pakistan flooding likely to reach ‘billions of US$’: Aon https://insuranceasianews.com/losses-from-india-pakistan-flooding-likely-to-reach-billions-of-us-aon/ Fri, 19 Sep 2025 03:59:44 +0000 https://insuranceasianews.com/?p=200303 Punjab plains region of both countries is experiencing some of its worst flooding disasters in recent history, caused by anomalously high monsoon rainfall across northwest India and northern Pakistan.

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Total economic and insured losses to infrastructure and agriculture from monsoon-related flooding since June 1 in India and Pakistan will likely reach single-digit billions of US dollars, according to...

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]]> World Bank to back 5-year climate shield for Philippines agriculture https://insuranceasianews.com/world-bank-to-back-5-year-climate-shield-for-philippines-agriculture/ Tue, 09 Sep 2025 05:35:08 +0000 https://insuranceasianews.com/?p=199582 US$70 million initiative will create a co-insurance pool that offer protection from escalating climate-related risks.

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The World Bank is supporting a five-year, US$70 million initiative to create a co-insurance pool which will protect agriculture in the Philippines from future nat-cat risks, according to a press relea...

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]]> Allianz Commercial appoints Tom Gilmore as head of farm underwriting in Australia https://insuranceasianews.com/allianz-commercial-appoints-tom-gilmore-as-head-of-farm-underwriting-in-australia/ Thu, 21 Aug 2025 07:02:06 +0000 https://insuranceasianews.com/?p=198043 Sydney-based Gilmore, who has been with Allianz for six years, takes charge as a review and simplification of the insurer’s agri product is underway.

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Allianz Commercial has appointed Tom Gilmore as head of farm underwriting in Australia, according to a LinkedIn update by the company.
​Sydney-based Gilmore (pictured) has been with Allianz for six ye...

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]]> Gallagher acquires Australian agri specialist broker Mack Insurance https://insuranceasianews.com/gallagher-acquires-australian-agri-specialist-broker-mack-insurance/ Wed, 06 Aug 2025 02:26:46 +0000 https://insuranceasianews.com/?p=196895 Lizzie Carver-led business will integrate with Gallagher, working from offices in Wagga Wagga and Narrandera in New South Wales.

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Gallagher Australia has acquired New South Wales-based Mack Insurance Services, a commercial insurance brokerage specialising in the agriculture sector, according to a press release.
Led by Lizzie Car...

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]]> ‘Exposed and vulnerable’: Australia’s wine industry in need of innovative solutions to cork protection gap https://insuranceasianews.com/exposed-vulnerable-australias-wine-industry-in-need-of-innovative-solutions-to-cork-protection-gap/ Tue, 03 Jun 2025 23:30:03 +0000 https://insuranceasianews.com/?p=191920 Parametric insurance is emerging as a viable alternative to traditional covers, addressing critical gaps for both large vineyards and single-vintage producers, according to underwriters and industry bodies.

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Australia’s wine industry has found itself on the front line of climate change, and amid the increasingly unpredictable environment, it is faced with multiple perils, some of which are not covered und...

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]]> Not enough, wrong time, or too much: extreme weather forces shift in agri policies to protect APAC’s vulnerable crops https://insuranceasianews.com/not-enough-wrong-time-or-too-much-extreme-weather-forces-shift-in-agri-policies-to-protect-apacs-vulnerable-crops/ Sun, 01 Jun 2025 23:30:04 +0000 https://insuranceasianews.com/?p=191704 As yields become increasingly variable, demand for mixed solutions that offer broader business interruptions and livelihood protection for farmers, including with governmental support, is rising.

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As extreme weather events and shifting climatic conditions threaten vital agricultural output, farmers across Asia Pacific are facing unprecedented challenges, prompting a shift from traditional crop ...

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]]> Beijing hail leads to US$44m insured loss from widespread motor, property damage https://insuranceasianews.com/beijing-hail-leads-to-us44m-insured-loss-from-widespread-motor-property-damage/ Fri, 16 May 2025 09:42:11 +0000 https://insuranceasianews.com/?p=190742 Local insurers have received at least 45,600 claims, with the majority related to motor, as of May 14, according to the Beijing Financial Regulatory Bureau.

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A strong hailstorm in Beijing on Tuesday has led to total insured losses of CNY318 million (US$44 million) with widespread motor and property damage reported across the city, according to an Aon repor...

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