Specialty Aqua MGA

Cohort: Cohort 11, 2023

Focus in insurance value chain: Point of underwriting | Loss modelling & analytics | Claims

Specific lines of business supported: Aquaculture

Founded: 2023

Status: Operating, still in insurance

Company type: MGA

Head office: United Kingdom

Locations served: Europe, Americas, Middle East, Asia Pacific

Employee count: 1-10

Specialty Aqua MGA Limited is an insurtech company specialising in aquaculture risk management, combining sonar, water quality sensors, and IoT devices to deliver real-time monitoring of biomass and water conditions on fish farms. Born out of Lloyd's Lab Cohort 11, Specialty Aqua MGA was built to close the gap between farm-level technology and underwriting, giving insurers and operators better data to understand and price aquaculture risk.

In 2026, Specialty Aqua MGA became part of the Specialty MGA Group, uniting its technology platform with established underwriting capacity. The move allows Specialty Aqua MGA to translate its monitoring data directly into smarter, more responsive insurance products for aquaculture clients across international markets, supporting both more accurate risk assessment and stronger protection for fish farmers.

Lloyd's Lab Cohort 11 was where Specialty Aqua MGA's insurance business began. Over the 10-week programme, the team gained a deep understanding of the Lloyd's market, designed its first aquaculture insurance products, and validated the concept of turning sonar and IoT monitoring data into underwriting insight. That foundation directly enabled the company's transition from risk data provider to insurance product provider.