Bond Aquaculture

Aquaculture Systems and Species

  • Water-based systems (inshore/offshore cages and pens)

  • Land-based systems (rainfed ponds, irrigated or flow-through systems, tanks and raceways)

  • Recycling systems (high control enclosed systems, more open pond based recirculation)

  • Integrated fanning systems (e.g. livestock-fish, agriculture and fish dual use aquaculture and irrigation ponds)

  • Species

  • Various aquatic organisms are grown in different ways including:

  • Fish (ponds, polishing ponds, integrated pond systems)

  • Seaweeds and macrophytes (floating/suspended culture, onshore pond/tank culture)

  • Molluscs (bottom, pole, rack, raft, long-line systems also culture based fisheries)

  • Crustaceans (pond, tank, raceway, culture based fisheries)

Aquaculture Risk Management Solutions

Our experienced Aquaculture specialists design and implement a broad array of insurance solutions tailored to each client’s individual needs. We can provide coverages for the following broad range of species; salmon, trout, cobia, snapper, tilapia, tuna, sturgeon-caviar, seriola, sea bass, shellfish-oysters, clams, mussels, abalone and shrimp.

The product suite includes:

  • Stock Mortality Biomass

  • Property on Land (Hatcheries, Processing Plants, Shore/Land Facilities, Equipment, Vehicles)

  • Property on Water (Vessels, Subsea Equipment, Cages and ROVs)

  • Maritime Employers Liability (Divers, Crew and Thrid parties)

  • Product Liability

  • Live Fish Transit

  • Cargo

  • New products to address unmet needs

Through our unique expertise and network Bond Re can offer full Aquaculture Risk Management Services.

All Aquaculture related risks can be considered including on shore property

Aquaculture (also known as aquafarming and fish farming) refers to the production and husbandry of fish, crustaceans, molluscs, aquatic plants, algae, and other organisms. Aquaculture involves cultivating freshwater and saltwater populations under controlled environments.

Global aquaculture production (including aquatic plants) was 110.2 million tons (220 billion pounds) with the first-sale value estimated at USD 243.5 billion. Aquaculture currently accounts for more than 50% of all aquatic foods (more than 30% of foodfish) consumed in the world and will provide more than 65% by 2028.

The number of species under aquaculture production in the world grows larger every year, with the majority of growth in numbers provided by saltwater species. As the availability of fresh water and inexpensive land decreases, the number of high-density, highly efficient water recirculation systems will increase.

There is an emerging trend to site new marine aquaculture facilities in open-ocean environments where they are submerged, out of sight, and out of reach of storms, coastal pollution, and shipping traffic.