Its underwriting team includes five former fish farmers, who provide a unique risk management service to operators as an integral part of their all-risks cover.<\/p>\n
Tom Rutter, Sunderland Marine\u2019s chief executive officer, said: \u201cWe believe our position in the market reflects our clients\u2019 confidence in the quality and security of the cover we provide.\u201d<\/p>\n
\u201cSince we wrote our first policy for Pairc Salmon fish farm off the north-west coast of Scotland in 1986, the global aquaculture industry has grown from 10m to 75m tonnes a year. It is now representing approximately 50% of all fish supplies for direct human consumption.\u201d<\/p>\n
Over the past 30 years\u2019 fish farming has progressed through many cycles. Previously, the industry consisted of mainly small owner-operated units not it is consolidated under a relatively small number of major companies controlling many sites.<\/p>\n
Mr Rutter concluded: \u201cIn the last 30 years many competing insurers have come and gone in the wake of heavy losses.\u201d<\/p>\n
\u201cThe largest aquaculture companies produce millions of fish a year and ensuring they are raised in optimum growing conditions, including protecting them from predators and natural perils, is no mean feat. Insuring them is just as challenging.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Sunderland Marine is marking 30 years of insuring fish farms which is significantly longer than other global insurers in the aquaculture sector.<\/p>\n","protected":false},"author":2,"featured_media":10184,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"sponsor":[],"class_list":["post-10183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aquaculture"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts\/10183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/comments?post=10183"}],"version-history":[{"count":1,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts\/10183\/revisions"}],"predecessor-version":[{"id":10185,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/posts\/10183\/revisions\/10185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/media\/10184"}],"wp:attachment":[{"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/media?parent=10183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/categories?post=10183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/tags?post=10183"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.worldfishing.net\/icefish-conference\/wp-json\/wp\/v2\/sponsor?post=10183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}