
We understand biology, technology and finance in aquaculture – and translate that into risk and value.
Aquaculture is now the world’s primary source of seafood, accounting for more than 55% of global consumption. As the industry continues to scale in an increasingly volatile environment—driven by rising water temperatures, shifting water conditions and more frequent extreme weather—its exposure to risk is growing. Disease outbreaks, stock mortality, operational disruption and escape can all have significant financial consequences.
At the same time, aquaculture remains one of the most efficient and sustainable forms of food production, with a low feed conversion ratio (FCR) and a low CO₂ footprint. It also plays a vital economic role, supporting jobs, generating tax revenues and driving value creation across coastal and urban economies.
A trusted partner
We work alongside you to understand your business and align your risk strategy - regardless of the size or complexity of your operations. In a volatile and evolving environment, your risk profile changes - and so should your protection. As a long-term partner, we ensure your insurance and risk strategy remains aligned at every stage. When a loss occurs, we stand firmly by your side - driving the process forward so you can stay focused on your business.
We combine expertise in insurance, biology and finance to help aquaculture companies understand, manage and transfer risk. As a global firm, we support clients across markets through our international network of specialists and insurance partners—providing consistent advice and access to leading insurance capacity wherever you operate.
Tailored insurance and risk strategies aligned with your exposures
Placement in global insurance markets for strong coverage and competitive terms
Hands-on claims support to ensure efficient and successful outcomes
We design and place insurance solutions for aquaculture businesses worldwide.
Stock Mortality – onshore and offshore biomass risks
Floating Equipment – cages, mooring systems and associated assets
Transportation – live fish transport, cage towing and logistics risks
Hatchery & Broodstock – protection for hatchery operations and broodstock
Construction projects (CAR/EAR) - Landbased farms
Offshore installations
Marine, Property, Cargo, Cyber, D&O and Liability insurance
Capital, Corporate and People Solutions
Mergers & Acquisitions
We help investors and operators understand, quantify and mitigate aquaculture risk.
Insurance due diligence
Assessment of species, locations and regulatory frameworks
Biological, technological, operational risk analysis and mapping
Technology and operational resilience assessment
Biosecurity and contingency planning
Scenario analysis and decision support
Risk management strategies for growth and resilience
Biological Risk Specialist
Stein.Halstensen@lockton.com
+47 90 11 88 21
Global Practice Leader Aquaculture
Didrik.Smith@lockton.com
+47 47 24 20 74
Head of Strategic Growth & Emerging opportunities Aquaculture
Sjur.HilleOlsen@lockton.com
+47 96 62 62 06