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 consultants providing comprehensive risk management solutions based on an understanding of client business priorities and goals.Learn More
- Multinational public companies
- Small and medium-sized private operators
- Other direct insurers as a reinsurer
Our bespoke solutions cover offshore and onshore farms including hatcheries and grow-out operations. with a focus on the main risks fish farmers face:
- 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.