The 11th Aquacultural Insurance and Risk Management Conference March 26th - 27th 2009
A conference for everyone involved in Aquaculture Insurance or Risk Management

Speakers & Papers
Thursday 26th March 2009
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The future of the Aquaculture Industry - from the perspective of a major producer.
Speaker: Jørgen K. Andersen (1952), CFO, Marine Harvest

Jørgen is a Norwegian national. He has a Master degree in Business and a postgraduate degree from the Norwegian School of Economics and Business Administration. He completed his postgraduate studies at IMD (Switzerland) and London Business School.

He joined Marine Harvest from Norsk Hydro. In 2003 he was responsible for the separation and listing of Norsk Hydro's fertilizer operations, now Yara ASA. He started in Hydro in 1986 and was responsible for a number of international projects related to acquisitions and restructuring throughout the Hydro group; in this period he established and headed Hydro's global tax department. From 1981-1985 he worked for the Norwegian Ministry of Oil and Energy.

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A view on the future of Aquaculture from a different angle.
Speaker: Rachel Mutter

Rachel will provide her views on the future direction of the Aquaculture Industry, from her position as Editor of the Industry's major newspaper.

Rachel Mutter is the new editor of Fish Farming International which is the world's most widely read aquaculture publication. With seven years' previous experience working on Seafood International and Seafood Processor she has knowledge across the whole seafood chain. She is widely travelled and has visited aquaculture projects worldwide. She started her journalism career reporting for a London-based insurance journal.

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The present status and future of fishmeal and fish oil as a component of aquaculture feeds.
Speaker: Dr Jonathan Shepherd, Director General, International Fishmeal and Fishoil Organisation

Dr Shepherd of IFFO will provide a paper on fishmeal and fish oil issues affecting aquaculture and its risk management. Jonathan knows aquaculture well, having cooperated with another of our speakers, Prof. Ron Roberts, in writing the Handbook of Trout and Salmon Diseases, first published at the beginning of the contemporary aquaculture industry, in 1974. No salmon or trout farmer should be without it!

Jonathan Shepherd is Director General of the International Fishmeal and Fish Oil Organisation (IFFO), the trade association representing producers of fishmeal and fish oil and their value chain partners worldwide. He is a veterinarian with a PhD in aquaculture economics. He has held a series of senior posts in Unilever, Peter Hand and Norsk Hydro, connected with fish farming, pharmaceuticals, and feed manufacture. Prior to joining IFFO as Director General in 2004, Jonathan was Group Managing Director of the Danish-based fish feed company, BioMar.

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High risk, Low reward - has our industry peaked or simply reached a plateau?
Speaker: Tom Rutter and Martin Coull

An analysis of the contemporary aquaculture insurance scene that will draw on over 20 years of data and underwriting experience, and on a unique data base of more than 6,000 survey visits by SMMI's Aquaculture Risk Management team, encompassing the majority of the global commercial aquaculture industry.

The paper will focus on a core of fundamentals and "truths" which have hardly wavered in the face of a revolution within the industry, an industry that has evolved to one dominated by "mega" producers. The paper will use actual loss data highlight the growth in catastrophic events both actual and probable. In doing it will introduce the vital link between insured, insurer and reinsurance markets, and highlight the essential role expected of each to meet the exponential growth of risk in aquaculture.

Tom Rutter is Managing Director (Aquaculture) and Senior Underwriter. He is based at Sunderland Marine's Head Office in Durham, UK.

Martin Coull is Deputy Manager Aquaculture and also based at the Company's offices in Durham, UK

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ISA - what do we know and how can we live with it?
Speaker: Dagfinn Ulriksen - Aon Greig

Dagfinn has an M.Sc in Aquaculture Biology and Marine Engineering. He has been involved in aquaculture insurance since 1987 and is experienced in claim handling, risk management and loss prevention. He has been a special aquaculture adviser with Aon Grieg since 2003

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Genetic developments in aquaculture, and their potential for reducing risk.
Speaker: Odd Magne Rødseth, CEO Aqua Gen AS

Odd is CEO in Aqua Gen AS since 2004. He has18 years of experience from leading positions within aquaculture, aquatic animal health and genetics businesses world wide. He spent 6 years as Research Scientist at Institute of Marine Research, Bergen Norway .  He is a graduate of the Norwegian University of Bergen, and a Master of Science in Microbiology. Aqua Gen AS's website can be seen at:

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The Insurance needs of Shrimp Farmers in Thailand.
Speaker: Mr Pinyo Kiatpinyo, President, The Federation Of Shrimp-farmer Cooperative Of Thailand (FOSCOT)

Pinyo Kiatpinyo qualified as a Mechanical  Engineer in 1971, with a degree from Frankfurt Engineering School Germany. He spent 15 years as a service engineer of heavy construction equipment, moving for the next 10 years into the field of equipment finance, mortgages and loans. He entered the aquaculture industry in 1998 in the shrimp culture sector.

Pinyo has held a number of key positions during his career in aquaculture, including:

-Vice Chairman  Shrimp Farmers Association
-President- Tacheen Basin Shrimp Farmer cooperatives.
-Director - Shrimp and shrimp Products Steering Committee, Department of Fisheries, Ministry of Agriculture and Cooperatives. Thailand.
-Director - Policy and planning for Agriculture and  Cooperatives committee. Ministry of Agriculture and Cooperatives. Thailand

He is currently President of The Federation  of Shrimp-farmer Cooperatives of Thailand (FOSCOT).

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Public, private, partnerships for managing risks in developing countries.
Speaker: Ake Olofsson, Rural Finance Officer, FAO, Rome

Ake Olofsson graduated in Economics, Business Administration and French from the University of Uppsala, Sweden. He joined the Food and Agriculture Organization of the United Nations, FAO, in 1987. He holds since 1991 the position of Rural Finance Officer in the Rural Infrastructure and Agro-Industries Division in the Agricultural and Consumer Protection Department of the Organization. Prior to joining FAO, Ake Olofsson worked in the Swedish private banking sector. As a Rural Finance Officer, he works mainly towards the French speaking countries in the Africa Region but has recently expanded the geographical coverage to also include Eastern European and Euro-Asian countries. In his capacity as Rural Finance Officer, he is the main technical officer in FAO with responsibility in the areas of Crop and Agricultural Insurance. Ake Olofsson is furthermore managing the Rural Finance Learning Centre, RFLC, a website dedicated to providing access to materials for capacity building in the field of Rural Finance, including Agricultural and Crop Insurance.

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Aquaculture in developing countries - Is there a role for mutuals?
Speaker: Mr Paul Koronka, CEO, Regis Mutual Management.

Paul Koronka is CEO of Regis Mutual Management. He read Law at Brasenose College, Oxford, joining a Mutual P& I Club after graduating. He has developed and managed Mutuals in the UK and internationally. Regis Mutual Management Ltd. is a specialist in setting up and managing Mutuals of all types, and currently manages seven Mutuals in the UK and Australia.


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Cod farming, its risks and potential.
Speaker: Mr Ivar Williksen, Chairman, Skei Marinfisk ASA

Ivar Williksen's paper will deal with developments in cod farming and look at the risk profile of the industry. Ivar has considerable experience in aquaculture insurance having operated at senior executive level in the insurance industry. He has now left the industry to focus on his aquaculture interests.

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Aquaculture and its potential in Bosnia Hertzogovina
Speaker: Sanin Tankovic, DVM, State Veterinary Office of Bosnia and Herzegovina

Sanin Tankovic will provide an overview of the developing aquaculture sector in Bosnia Hertzegovina.

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Aquaculture and its potential in Croatia.
Speaker: Mr. Ljubomir Kucic, President of Council of Association of Fishing and Processing Fishes in Croatia

Ljubomir will provide an overview of the developing aquaculture sector in Croatia.

Friday 27th March 2009
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Effects of global warming on low-lying coastal mariculture.
Speaker: Ian Thomas, Project Manager, Pevensey Coastal Defences Ltd.

Ian is project manager for a major sea defence scheme in South East England, managed by Pevensey Coastal Defences Ltd.. 9km of English Channel coast is being managed on behalf of the British government by PCDL. This necessitates assessing, evaluating, and responding to the risks associated with protecting of low lying land, including storms emanating from different directions, the possible effects of increased storminess and potential sea level rise that will occur as a result of global warming. These same risks will inevitably threaten low-lying mariculture sites around the World in the years to come, and Ian's paper will address how they may impact on the industry.

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The use of Geographical Information Systems (GIS) in risk managing aquaculture.
Speaker: Andreas Siebert. Munich Re.

Andreas has practised as a geo-consultant industry as expert for Geographical Information Systems (GIS) and remote sensing applications, working in various parts of the world. He has also specialised in spatial information and analysis, and developed and installed GIS, GPS (Global Positioning System) and mapping tools for different institutions and organisations. He is a geographer by initial profession and has longstanding interests in natural risks and risk assessment. He has been a member of Munich Re´s Geo Risks Research Team since 1995. His main task has been to develop solutions and services that can assist underwriters to manage their exposure to natural and man-made catastrophes by combining insurance information with (geo)scientific data. Andreas will give a paper outlining new developments in the area of geographical information systems and their implementation in the risk management of aquaculture.

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Mooring cages in deep water - the issues and the risks.
Speaker: Mr Bruce Smith, Bruce Smith & Associates

Bruce Smith of Bruce Smith &Associates will give a paper on mooring cages offshore. Bruce has wide experience of mooring cages of all types, in all situations. He also has unrivaled experience of what can go wrong with marine cage systems.

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Risk factors causing losses in Seabass and Seabream farms in the Mediterranean.
Speaker: Dr. Stavros G. Artopoulos - Crawford & Company Hellas Ltd.

Stavros is a senior international loss adjuster, a member of Crawford's Global Technical Services Advisory Board. Country Manager of Crawford & Company Hellas Ltd. and Managing Director of Crawford's Southeast Europe Division. He is a Master in Engineering Geology - Geotechnics

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Advanced stress risk management.
Speaker: Prof. Ronald J. Roberts

Professor Roberts was a Founder Director of the Institute of Aquaculture at the University of Stirling. He has published over 150 scientific papers on fish health and  is the editor of Journal of Fish Diseases. His book Fish Pathology, translated into ten languages and now in its fourth edition is the standard text on fish diseases and he has contributed an educational column of fish health in Fish Farming International for 35 years. He acts as Hagerman Distinguished Visiting Professor in the University of Idaho, and is technical director of Landcatch Natural Selection, the leading international fish genetics company. He is also Vice Chair of the EU's Risk Assessment based Veterinary Scientific Panel, with responsibility for fish,  in the European Food Safety Authority (EFSA). He has recently completed his year of office as President of the World Aquatic Veterinary Association. 

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Risk managing disease through veterinary inspection & certification.
Speaker: Chris Walster DVM World Aquaculture Veterinary Medical Association (WAVMA)

Chris is secretary of WAVMA whose mission is: to serve the discipline of aquatic veterinary medicine in enhancing aquatic animal health and welfare, public health, and seafood safety, in support of the veterinary profession, aquatic animal owners and industries, and other stakeholders.
He will give information on the direction WAVMA is taking to provide wide ranging veterinary inspection and certification services. This includes an on-online database of international veterinarians with aquatic interests. WAVMA members are very interested in working with the aquaculture insurance industry to develop auditable and certified on-farm biosecurity practices to reduce the risks from disease, in an effort to encourage insurance brokers and underwriters to issues insurance policies for catastrophic disease outbreaks.


This is the ONLY conference that focuses entirely on handling the risks of aquaculture !

At past conferences, delegates have attended from all the key production areas of the World, including Europe, Scandinavia, the Middle East, North and South America. At the Conference in Vigo, in 2006, we were pleased to welcome representatives of the FAO! We are very pleased to say that the FAO will again support us at the Dubrovnik conference.

New Venue ! In 2009 we will be hosting the conference outside the UK for the third time !
Grand Villa Argentina Hotel
Frana Supila 14,
20 000 Dubrovnik, Croatia.
Tel: +385 20 440 555
26th & 27th March 2009