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
The facility is underwritten by specialist aquaculture personnel at Alwen Hough
Johnson Limited on behalf of certain Underwriters at Lloyd’s and Royal Sun
market that provides security for GAIC is collectively rated A+ by international
rating agency Standard and Poors.
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 ...
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.
This product is offered in conjunction with one of the most experienced Lloyd’s