Risk and reinsurance specialist Guy Carpenter & Co. says it has launched the only multi-peril crop insurance product for Australian grain farmers.

Polices are issues by Allianz and are being brought to the market by Latevo International.

Guy Carpenter Canada, which started a similar program in Canada several years ago, provided the reinsurance placement for Latevo. The product was the result of collaboration between the broker's Canada, Asia Pacific and Australia agricultural teams.

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