Aquaculture Risk Appetite Sheet
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Aquaculture
Introduction
At Convex, we’re one of the few providers in the London market with real-world experience in aquaculture and marine farming. Combined with our use of industry data, environmental insights, and responsive claims management, we offer efficient, customised cover for clients worldwide.
Whether you’re a broker new to aquaculture, a fish farmer scaling up, or a multinational company, we’re here to help you secure the right protection for your needs.
Robert Ferguson
Class Underwriter, Aquaculture
I have worked in the aquaculture insurance industry for over 10 years, with experience in underwriting a variety of different species all over the world. Our experience and holistic approach to insurance ensures that we can find a solution to a variety of complex and novel problems. Using both data and analytics we can ensure that we make good underwriting decisions, now and in the future.
This will give you the convenience of having a full-service solution for your aquaculture insurance needs. At the same time, our use of data will give you the peace of mind that we’ve considered your risks comprehensively.
Who we work with
We support a wide range of aquaculture clients, from commercial food producers to operators in the ornamental and non-food sectors. Our appetite includes both marine and land-based systems, with a focus on finfish species such as Atlantic salmon, trout, sea bass, sea bream, tilapia, and tuna. We also consider ornamental and supportive species, including cleaner fish, subject to operational detail.
While our primary focus is on finfish, we may also consider shellfish and crustacean operations on a selective basis. We work with clients who maintain strong stock control and traceability systems, particularly where mortality cover is sought.
Coverage typically includes stock mortality due to disease, weather events, and operational hazards, as well as protection for associated equipment such as cages, nets, moorings, and other farm infrastructure. Our reach is global, with geographic availability subject to licensing and regulatory conditions.
How we work
With extensive experience in underwriting and broking specialist risks on a global scale, we are committed to delivering tailored solutions to meet the unique needs of each client. We also provide dedicated support to brokers who may be less familiar with the sector, ensuring a clear and efficient placement process. Prioritising responsiveness, we aim to issue terms within a matter of days rather than weeks.
