MS Reinsurance has expanded its agriculture underwriting team with the appointments of Marc Tüller and Ramiro Iturrioz as lead underwriters.
Tüller, based in Zurich, will focus on agriculture markets across Europe and Africa, while Iturrioz, based in Miami, will oversee agriculture markets in Latin America, Australia, and South Africa, and serve as the center of competence for parametric solutions for agriculture risks worldwide.
Iturrioz also has more than 30 years of experience in agriculture and over 25 years in reinsurance, with prior roles at PartnerRe, Price Forbes Latam, and The Navigators Group, focusing on agribusiness and parametric insurance portfolios for Latin America and the Caribbean.
Tüller and Iturrioz will work closely with MS Reinsurance’s global property and casualty teams to support agriculture clients.
Their appointments come at a time when the crop insurance market is showing signs of stabilization. In the United States, crop insurance premiums are expected to remain steady in 2025 after a decline in 2024, and underwriting results have improved.
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Supplemental government payments are encouraging insurers to maintain or expand their specialty crop portfolios, supporting broader participation in higher-risk segments.
The industry is also seeing a shift toward more sophisticated portfolio management and risk mitigation. Leading crop insurers, including QBE, Chubb, and Sompo, are focusing on strategies that enhance resilience and reduce volatility, offering multi-peril and specialized policies to address the challenges of increased weather volatility and market shocks.
Precision agriculture data and advanced risk management tools are becoming integral to these efforts. Major insurers are leveraging these technologies to improve coverage effectiveness and deliver tailored solutions, helping farmers manage both environmental and economic risks in a changing climate.
According to a Swiss Re Institute report, crop insurance is increasingly recognized as a critical tool for food security and market stability. As global food price inflation has exceeded 40% in recent years, the role of insurance in reducing price volatility and supporting the resilience of the crop sector has become even more important.
