Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
If you would like to send us an article, contact Margaret Stacey
   


In recognition of the strong demand for better risk management practices in aquaculture, Hughes-Gibb is strengthening its services

Willis Hires Fish Farm Underwriting Expert to Lead Expanding Aquaculture Practice

  (UNITED KINGDOM, 10/23/2012)

Hughes-Gibb, the specialist agri-business division of Willis Group Holdings (Public, NYSE: WSH), the global insurance broker, has appointed Dan Fairweather to head up its expanding aquaculture insurance broking and risk management division.

Recent studies show that wild fish stocks around the world are declining faster than feared – with more than half of fisheries worldwide facing shrinking stocks. As a result the demand for farmed fish is intensifying and the aquaculture industry is now the fastest growing agricultural and food production sector globally. More than half of all seafood consumed today is produced by aquaculture.

Willis' aquaculture division offers a comprehensive range of insurance products individually tailored to specific risks

In recognition of this expansion and strong demand for better risk management practices, Hughes-Gibb is strengthening the services that it offers clients to include more risk audits and consulting.

Fairweather, who previously underwrote aquaculture risks at RSA Insurance and on behalf of Lloyd’s Syndicates at the Global Aquaculture Insurance Consortium, will lead this expansion, reporting to Chris Williamson, Managing Director of Hughes-Gibb.

Dan Fairweather, 
Divisional Director Aquaculture

“Aquaculture is high risk and the management of these risks is fundamental to the success of any aquaculture operation,” explained Fairweather. “Furthermore, with rapid expansion in production come new challenges for fish farmers, both in terms of competition for space and resources, but also in the culture and husbandry of new species.

“As fish farms become larger and technology develops to enable farms to move further offshore, or to produce fish in higher densities onshore, new risks emerge and more sophisticated risk management is required to deal with these complexities,” continued Fairweather. “And in the wake of recent global disease outbreaks and large mortality events the ability to identify, analyze, report and monitor risks becomes even more vital.”

 The aquaculture industry  is the  fastest growing  agricultural and food  production sector 

Williamson added: “Risk transfer is a valuable tool for aquaculture producers – but in some instances insurance can be too expensive and producers will be expected to carry a significant portion of the risk. By having a comprehensive risk management programme in place that clearly identifies, monitors and reports risk, producers will have more control over their operations and be able to make more informed decisions around the purchase of insurance and drive improvements in the pricing of their risks.”

“At Willis we have the ability to provide clients with risk management services ranging from risk audits, management workshops and advice on how to offset risk through insurance products where necessary and appropriate.” concluded Williamson.

About Willis Group Holdings

Now part of the Willis Global Specialty businesses, Hughes-Gibb was founded in 1959 as the first broker in London exclusively dedicated to bloodstock insurance, and has expanded to become the only truly global bloodstock, livestock, aquaculture, crop and forestry broker.

 

Willis aquaculture division offers a comprehensive range of insurance products individually tailored to specific risks. The company can arrange mortality insurance for onshore and offshore fish and shellfish farms and also can provide mortality and loss of revenue protection for public aquaria and high-value animals such as dolphins and orcas.

Coverage can be in various formats, such as all-risks mortality, restricted perils, first-loss cover and annual aggregate deductible policies.

 

Willis Group Holdings plc is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 employees serving clients in virtually every part of the world.

Source: Willis Group Holdings plc

Margaret E.L. Stacey
Editor Companies and Products

editorial@fis.com
www.fis.com


Information of the company:
Address: The Willis Building 51 Lime Street
City: London
State/ZIP: England (EC3M 7DQ)
Country: United Kingdom
Phone: +44 (0) 203 124 6000
Fax: +44 (0) 203 124 8223
E-Mail: contact@willis.com
More about:





 Print


Click to know how to advertise in FIS
MORE ARTICLES
Happy Sturgeon Always Produce the Best Caviar
Safe Food & Listeria Free Processing Seminar
First Nations Urge the Public to Eat More Salmon
NAFO Scientific Council Reports on Status of Fish Stocks and Ecosystems of the Northwest Atlantic
KinOmega Fish Oil Achieves Sustainability Certification
Establishing Strategies for Aquaculture Development in Latin America
Cermaq First ASC-Certified Salmon Producer in Chile
ISSF Launches New Guidebook Platform
Bell Aquaculture New Aquafeed Mill
Enzymotec's K•REAL Krill Oil Gains Sustainable Certification
Frequentz Offers a Seafood Traceability Solution in Response to the White House's Crackdown on Seafood Fraud
The National Aquarium Announces Creation of Sustainable Seafood Program
Huon Launches Revolutionary New Feed Barge
New Service Gives Chefs and Diners the Story Behind Their Seafood
Seafood Expo Asia Attracts Strong Exhibitor Interest
John West Launches 3 New Intense Infusions Flavours
Six Pevaeche Tuna Seiners Recognised for its Sustainable Fishing
Avure Sets Record Sales
Epax Omega-3 Fish Oils Confirmed Sustainable
The Industry's Largest Scallop Fleet
More Articles...

Lenguaje
FEATURED EVENTS
  
TOP STORIES
Codex once again discusses biotoxin standards in bivalve molluscs
Chile The Chilean government managed to have the proposed performance criteria for identification methods of marine biotoxins in live and raw bivalve molluscs once again discussed at the general meeting of the Codex Alimentarius, held in Geneva, Switzerland.
Genetically improved tilapia delivered to Ivory Coast
Brazil A shipment of genetically improved tilapia was delivered this week to the Government of Ivory Coast by the head of the Ministry of Fisheries and Aquaculture from Brazil continuing a relation that started more than four decades ago.
IATTC fails to improve tuna and shark conservation
European Union The European Commission has expressed its disappointment with the outcomes of the 87th Annual meeting of the Inter American Tropical Tuna Commission, which finished on 18 July in Lima, Peru.
Squid skin protein can boost bioelectronics
United States A team of researchers has discovered that reflectin, a protein in the skin of the common pencil squid (Loliginidae) can conduct positive electrical charges, or protons, making it a promising material for building biologically inspired devices.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Pescanova, S.A. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Limited
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel ehf - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Grupo Calvo - Luis Calvo Sanz, S.A. (Group Headquarter)
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council  - MSC Worldwide
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2014 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER