Global Aquaculture Insurance Consortium

GAIC – the Global Aquaculture Insurance Consortium – is a London market facility set up to insure fish and shellfish farms for their stock mortality and other exposures.

The facility can provide terms for aquaculturists ranging from those running small single site operations to large global producers raising a variety of different species in multiple locations. Both onshore and offshore operations may be considered for insurance.

The facility is underwritten by specialist aquaculture personnel at Alwen Hough Johnson Limited on behalf of certain Underwriters at Lloyd’s.

The GAIC underwriting team have almost twenty years of combined experience in the field. This is backed up by relevant academic and professional qualifications, along with the first-hand knowledge gained from visiting a large number of diverse aquaculture installations around the world.

Both Underwriters are qualified to degree level and have numerous years’ experience handling aquaculture insurance.

Thirty five species of fish and shellfish located in forty countries, have been insured by GAIC since the facility was first created in 2009.

Stock values of up to USD 9,000,000 any one location can be accommodated subject to compliance with acceptable underwriting criteria.

Aquaculture operations are each unique and GAIC provides a tailored, individual, approach to underwriting in order to design a bespoke product to suit the risk transfer requirements and budget of each client.