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Aquaculture Insurance

Specialty
AXA XL Insurance offers Aquaculture insurance worldwide. We are one of the leading global providers of this coverage for the fish stock and associated equipment on both a direct and reinsurance basis.

Product details

Capacity

Per farm/location:

  • Fish stock: USD 16 million
  • Equipment: USD 4 million

Coverage

We offer bespoke coverage for fish farms which helps supports an extremely important industry that now provides over 50% of fish consumed globally.

Our products help ensure the continuity of an industry which is becoming ever more vital for global food security

Our appetite:

  • Offshore and onshore farms, grow out operations and hatcheries
  • Pollution
  • Theft
  • Predation
  • Storm, lightning, tidal wave, collision, structural failure of equipment
  • Freezing and supercooling
  • Deoxygenation of water
  • Other changes in water including salinity
  • Disease
  • Drought, fire, lightning, explosion, earthquake, mechanical breakdown or electrical breakdown at onshore farms
  • Aquaculture equipment
  • Boats, moorings, cages and feed barges

Client Profiles

  • Multinational public companies
  • Smaller and medium sized private operators

Typical Information Required

  • Completed, comprehensive proposal form
  • Stock projections
  • Risk survey for new farms

Benefits & Services

  • Regular visits to farms for large clients globally
  • Risk management input
  • Engineering and bio-security survey for new clients at our expense
  • Expert guidance through the claims process

Information and Research

Aquaculture_Product Sheet_AXA XL

Minimum Premium

USD 10,000

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

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