Products: Fish farming specialist takes on role underwriting RSA’s aquaculture book
RSA has agreed to provide Global Aquaculture Insurance Consortium (GAIC) with capacity to underwrite aquaculture business on a global basis alongside an existing Lloyd’s panel.
GAIC, an underwriting facility administered by Lloyd’s broker Alwen Hough Johnson, has specialised in insuring fish and shellfish farms for their stock mortality and other exposures.
The deal will see GAIC take a lead role in underwriting RSA’s existing aquaculture portfolio and the business will begin to be transferred over immediately.
David Oldham, international marine manager at RSA, commented: “This deal represents a significant development for RSA, for GAIC and for the wider aquaculture
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