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Global Aquaculture Insurance Consortium

GAIC - the Global Aquaculture Insurance Consortium - is a London Insurance 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.

About GAIC

About GAIC

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

The market that provides security for GAIC is collectively rated A+ by international rating agency Standard and Poors.

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Target Clients

Clients

Companies or individuals rearing aquatic animals (vertebrates or invertebrates) for commercial gain may all be insured including those holding live or raising :

  • Edible and ornamental fish
  • Bivalve molluscs such as mussels, scallops and oysters
  • Gastropod molluscs such as abalone ...

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Products

Products

Stock Mortality Insurance

GAIC will quote terms for stock mortality either as a result of nominated perils or on an “all risks” basis according to the nature of the risk and preferred premium spend of the insured.

Marine Hull and Equipment Insurance

GAIC will quote terms for physical loss or damage insurance for service vessels, feed barges and well boats and for holding cages and associated equipment.

Products Recall

This product is offered in conjunction with one of the most experienced Lloyd’s underwriting teams.

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Global Aquaculture Insurance Consortium