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Aquaculture Insurance

Coverage for the fish farming industry

Fish farmers, like their terrestrial counterparts, often face numerous challenges in producing healthy food sustainably and profitably. With coverage from AXA XL’s market leading Aquaculture team, fish farmers can be assured that if their stocks are severely depleted by disease, storms or some other cause, they will have the resources to carry on.

Risk Consulting

Risk consultants providing comprehensive risk management solutions based on an understanding of client business priorities and goals.

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Coverage

Our bespoke solutions cover offshore and onshore farms including hatcheries and grow-out operations. with a focus on the main risks fish farmers face:

  • Disease
  • Pollution
  • Theft
  • Predation
  • Storms or other weather-related events like freezing or supercooling
  • Mechanical breakdown or electrical breakdown at onshore farms
  • Changes in water including deoxygenation and salinity

We also offer coverage for damages to property and equipment including boats, moorings, cages and feed barges.

Benefits and Services

Based in Bergen, Norway, the aquaculture capital of the world, AXA XL’s Aquaculture team is an acknowledged market leader. The team has over 60 years of combined underwriting expertise along with a wealth of practical fish farm and veterinary experience. Our underwriters and claims managers also are experts in biomass estimation methods which ensures that covered losses are assessed quickly and fairly. We maintain ongoing relationships with fish farmers around the world, large and small, as well as leading university researchers, and are continually looking for new solutions that will help to boost resilience and enhance productivity.

Client Profles

  • Multinational public companies
  • Small and medium-sized private operators
  • Other direct insurers as a reinsurer

Product Availability

Geographical coverage is for informational purposes only. Product and service offers can vary based on location, industry, risk profile and unique business needs.

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 wordings 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. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

US- and Canada-Issued Insurance Policies. 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.

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