We understand biology, technology and finance in aquaculture – and translate that into risk and value.

Aquaculture

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Securing the future of aquaculture

    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.


    How We Work

    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

    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.

    1900x822 We support clients across the entire aquaculture value chain—from farming and harvesting to processing, logistics and delivery.

    Our approach

    Our approach is structured, analytical and tailored:
    Understand your risk

    In-depth analysis of your operations, including species, environment, technology and financial drivers

    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

    Our services

    Insurance Broking

    We design and place insurance solutions for aquaculture businesses worldwide.

    Core Aquaculture Coverages

    • 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

    Additional Capabilities

    • Construction projects (CAR/EAR) - Landbased farms

    • Offshore installations

    • Marine, Property, Cargo, Cyber, D&O and Liability insurance

    • Capital, Corporate and People Solutions

    • Mergers & Acquisitions

    Risk Management & Consulting

    We help investors and operators understand, quantify and mitigate aquaculture risk.

    Investment & Transaction Support

    • Insurance due diligence

    • Assessment of species, locations and regulatory frameworks

    • Biological, technological, operational risk analysis and mapping

    • Technology and operational resilience assessment

    Risk Mitigation

    • Biosecurity and contingency planning

    • Scenario analysis and decision support

    • Risk management strategies for growth and resilience


    How We Support Clients

    • Program design and optimization
    • Access to global insurance markets
    • Access to Lockton's worldwide network of offices
    • Independent program review
    • Dedicated claims advocacy

    Contact Our Team

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    Stein Halstensen

    Biological Risk Specialist
    Stein.Halstensen@lockton.com
    +47 90 11 88 21

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    Didrik Smith

    Global Practice Leader Aquaculture
    Didrik.Smith@lockton.com
    +47 47 24 20 74

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    Sjur Hille Olsen

    Head of Strategic Growth & Emerging opportunities Aquaculture
    Sjur.HilleOlsen@lockton.com
    +47 96 62 62 06