Aquaculture

Although aquaculture has been practised in different forms for well over a thousand years, the advent of fish farming as a provider of protein to the world market, has occurred relatively recently, perhaps only in the last forty years or so.  Sunderland Marine is now one of the most established providers of aquaculture insurance, and possibly the longest serving to the aquaculture industry, having issued its first policy in 1986. As aquaculture has grown and evolved worldwide so has the importance of this class of business to the Company - it currently provides approximately one third of the Company's total income

The vision of the ship owners, who over a century ago formed Sunderland Marine, has been realised by the Board's foresight in directing the Company's Manager's, some twenty years ago, to research the aquaculture industry. The sector was then, as it is now, a volatile and relatively high risk industry, requiring very focused underwriting technique and it was recognised, at the very commencement of the operations, that the application of "state of the art" risk control was essential. To this end a wholly owned subsidiary of the Company was formed - Aquaculture Risk (Management) Ltd. This division provides technical support to the Company's Members worldwide and its surveyors routinely visit many hundreds of aquaculture sites each year. The unique database produced now draws from over 5,000 surveys and a current client base including more than 2,000 sites worldwide. , and loss control support.