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Agriculture reinsurer AAIC to operate in Argentina, Colombia

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Agriculture reinsurer AAIC to operate in Argentina, Colombia

U.S.-based American Agricultural Insurance Co. Inc. obtained authorization to operate as a reinsurance broker in Argentina and Colombia, Reinsurance News reported.

AAIC was listed as an admitted foreign reinsurer in Argentina and an approved reinsurer under the foreign reinsurers registration in Colombia.

The new permits allow AAIC to "further diversify and grow our business," Executive Vice President and CEO Janet Katz reportedly said.

In 2018, about 25% of AAIC's net earned premium came from its international business.