Aquaculture
Specialty
XL Catlin 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

Minimum Premium

USD 10,000

This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, Canada, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group Ltd are: Catlin Insurance Company, Inc., Catlin Indemnity Company, Catlin Specialty Insurance Company, Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Bermuda Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #2003 are managed by Catlin Underwriting Agencies Limited and supported by XL Catlin corporate capital. Additional important information regarding our business is provided on our Legal Notices page.

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