Insurance Journal » piracy http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Tue, 22 Apr 2014 18:42:37 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 UN Security Council Debates Spread of Piracy http://www.insurancejournal.com/news/international/2012/11/20/271163.htm Tue, 20 Nov 2012 10:24:52 +0000 http://www.insurancejournal.com/?p=271163 Centuries after piracy was recognized as the first international crime against humanity, its spread around the world has prompted the U.N. Security Council’s first debate Monday on piracy’s rise as a threat to world peace and security. In the past, …

The article UN Security Council Debates Spread of Piracy appeared first on Insurance Journal.

]]>
Insurers Face Tougher Times as Somali Piracy Drops http://www.insurancejournal.com/news/international/2012/09/21/263889.htm Fri, 21 Sep 2012 12:15:35 +0000 http://www.insurancejournal.com/?p=263889 A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial ships, taking the shine off a fast-growing and lucrative market for London-based insurers. International navies have cracked down on pirates, …

The article Insurers Face Tougher Times as Somali Piracy Drops appeared first on Insurance Journal.

]]>
Willis Intelligence Specialist Warns of Continued Somali Pirate Threat http://www.insurancejournal.com/news/international/2012/09/19/263466.htm Wed, 19 Sep 2012 12:36:07 +0000 http://www.insurancejournal.com/?p=263466 Tim Holt, Head of Intelligence at Special Contingency Risks (SCR), part of the Willis Group, has warned that the piracy threat in Somalia is unlikely to abate for the following reasons:  • “Piracy is the second largest generator of income in …

The article Willis Intelligence Specialist Warns of Continued Somali Pirate Threat appeared first on Insurance Journal.

]]>
Africa’s Pirates Have Demands for Insurers – and a Letterhead, Too http://www.insurancejournal.com/news/international/2012/08/13/259058.htm Mon, 13 Aug 2012 10:11:58 +0000 http://www.insurancejournal.com/?p=259058 Welcome to the Pirate Action Group. Pirate commander Jamal wishes to congratulate you on being hijacked. Kindly speak to his negotiator about your ransom, bearing in mind that his demands are similar for every vessel he seizes. This is not …

The article Africa’s Pirates Have Demands for Insurers – and a Letterhead, Too appeared first on Insurance Journal.

]]>
EXCLUSIVE – Somali Pirate Kingpins Enjoy ‘Impunity’ Say UN Experts http://www.insurancejournal.com/news/international/2012/07/18/256005.htm Wed, 18 Jul 2012 10:18:54 +0000 http://www.insurancejournal.com/?p=256005 Somalia’s president has shielded a top pirate leader from arrest by issuing him a diplomatic passport, according to a United Nations investigation which criticizes the “climate of impunity” enjoyed by pirate kingpins in Somalia and abroad. The U.N. Monitoring Group …

The article EXCLUSIVE – Somali Pirate Kingpins Enjoy ‘Impunity’ Say UN Experts appeared first on Insurance Journal.

]]>
Efforts to Tackle Somali Piracy Paying Off Says IMB http://www.insurancejournal.com/news/international/2012/07/17/255887.htm Tue, 17 Jul 2012 10:08:27 +0000 http://www.insurancejournal.com/?p=255887 Tougher action by international navies and the use of private armed guards on ships have more than halved the number of Somali pirate attacks, the International Maritime Bureau (IMB) said on Monday. Last year, Somali piracy in the busy shipping …

The article Efforts to Tackle Somali Piracy Paying Off Says IMB appeared first on Insurance Journal.

]]>
Marine Protection Provider GAC Urges ‘Non-lethal’ Measures for Ship Safety http://www.insurancejournal.com/news/international/2012/06/20/252253.htm Wed, 20 Jun 2012 10:48:21 +0000 http://www.insurancejournal.com/?p=252253 London-based GAC Protective Solutions, a company specializing in providing onboard crew training, pre-voyage preparation and defensive configurations for vessels traveling into high risk areas, has indicated that “non-lethal measures” are the “long-term key to combating sea crime.” GAC’s Group Vice …

The article Marine Protection Provider GAC Urges ‘Non-lethal’ Measures for Ship Safety appeared first on Insurance Journal.

]]>
SaveOurSeafarers Organization Lauds EU Air Strike on Somali Pirate Bases http://www.insurancejournal.com/news/international/2012/05/17/247852.htm Thu, 17 May 2012 09:59:23 +0000 http://www.insurancejournal.com/?p=247852 SaveOurSeafarers, the organization that supports anti-piracy measures and aids the crews who are taken by pirates, has expressed its approval of the air strikes carried out by the naval forces of the European Union on Tuesday. Alastair Evitt, chairman of …

The article SaveOurSeafarers Organization Lauds EU Air Strike on Somali Pirate Bases appeared first on Insurance Journal.

]]>
EU Naval Forces Carry Out First Strikes on Somali Pirate Bases http://www.insurancejournal.com/news/international/2012/05/16/247640.htm Wed, 16 May 2012 10:05:22 +0000 http://www.insurancejournal.com/?p=247640 The European Union’s naval force off the Somali coastline on Tuesday carried out its first air strikes against pirate targets on shore, officials said. Maritime aircraft and attack helicopters took part in the attacks early in the morning on the …

The article EU Naval Forces Carry Out First Strikes on Somali Pirate Bases appeared first on Insurance Journal.

]]>
West Africa Pirates Free Gasoline Tanker, But Steal Cargo http://www.insurancejournal.com/news/international/2012/05/07/246466.htm Mon, 07 May 2012 10:23:50 +0000 http://www.insurancejournal.com/?p=246466 West African pirates have freed a gasoline tanker they hijacked last week, after stealing some of the cargo, the ship owner said on Friday, in a fresh example of a growing trend in the region to hold vessels briefly to …

The article West Africa Pirates Free Gasoline Tanker, But Steal Cargo appeared first on Insurance Journal.

]]>
IMB Report Notes Piracy Increasing in W. Africa; Somalia Still Main Threat http://www.insurancejournal.com/news/international/2012/04/23/244425.htm Mon, 23 Apr 2012 12:00:20 +0000 http://www.insurancejournal.com/?p=244425 The latest global piracy report from the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) cites 102 “incidents of piracy and armed robbery” for the first quarter of 2012, “with dangerously increasing numbers in West African waters.” According to …

The article IMB Report Notes Piracy Increasing in W. Africa; Somalia Still Main Threat appeared first on Insurance Journal.

]]>
Willis Marine Market Review Forecasts ‘Another Difficult Year’ http://www.insurancejournal.com/news/international/2012/04/18/243919.htm Wed, 18 Apr 2012 10:20:12 +0000 http://www.insurancejournal.com/?p=243919 After an inauspicious start, 2012 could well be “another difficult and uncertain year for the maritime industry faced with the aftermath of the Costa Concordia, further problems in the euro zone, pirate attacks and increased sanctions,” according to Willis Global …

The article Willis Marine Market Review Forecasts ‘Another Difficult Year’ appeared first on Insurance Journal.

]]>
Seafarers’ Org. Lauds EU’s Extension of Somali Anti-piracy Operations http://www.insurancejournal.com/news/international/2012/03/26/240708.htm Mon, 26 Mar 2012 12:14:44 +0000 http://www.insurancejournal.com/?p=240708 The SOS – SaveOurSeafarers – campaign announced that it “welcomes the extension of the EU counter- piracy operation until end 2014, and the EU decision to broaden the scope of its naval operation in the Gulf of Aden and Indian …

The article Seafarers’ Org. Lauds EU’s Extension of Somali Anti-piracy Operations appeared first on Insurance Journal.

]]>
EU Council Extends Somalia Counter-piracy Operation; OK’s Coastal Missions http://www.insurancejournal.com/news/international/2012/03/23/240553.htm Fri, 23 Mar 2012 15:08:00 +0000 http://www.insurancejournal.com/?p=240553 The Council of the European Union has prolonged the EU’s counter-piracy operation Atalanta by two more years, until December 2014. The Council also said that the decision “extended the force’s area of operations to include Somali coastal territory as well …

The article EU Council Extends Somalia Counter-piracy Operation; OK’s Coastal Missions appeared first on Insurance Journal.

]]>
Anti-Piracy Group SOS SaveOurSeafarers Welcomes UK Gov’t. Support http://www.insurancejournal.com/news/international/2012/02/22/236659.htm Wed, 22 Feb 2012 18:16:19 +0000 http://www.insurancejournal.com/?p=236659 SOS SaveOurSeafarers has issued the following statement following a conference in London on Somali piracy, organized by the UK’s Foreign & Commonwealth Office, held at the London headquarters of the International Maritime Organization (IMO). Giles Heimann, Chairman of the Group …

The article Anti-Piracy Group SOS SaveOurSeafarers Welcomes UK Gov’t. Support appeared first on Insurance Journal.

]]>
West Africa Waters Among Riskiest Routes for Shippers http://www.insurancejournal.com/news/international/2012/02/17/235677.htm Fri, 17 Feb 2012 10:00:55 +0000 http://www.insurancejournal.com/?p=235677 The waters off West Africa’s coast are now a constant danger for those shipping goods and crude oil in the region, analysts said the day after pirates killed two sailors near Nigeria’s coast. Despite pledges by nations to patrol the …

The article West Africa Waters Among Riskiest Routes for Shippers appeared first on Insurance Journal.

]]>
2011 Piracy Attacks Totaled 439; 275 off Somalia: ICC/IMB Report http://www.insurancejournal.com/news/international/2012/01/19/231822.htm Thu, 19 Jan 2012 18:06:54 +0000 http://www.insurancejournal.com/?p=231822 According to the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report attacks in East and West Africa accounted for the majority of world attacks in 2011, signaling a rising trend.  Of the 439 attacks reported to …

The article 2011 Piracy Attacks Totaled 439; 275 off Somalia: ICC/IMB Report appeared first on Insurance Journal.

]]>
Navy Actions Reduce Somali Pirate Hijackings: Maritime Bureau http://www.insurancejournal.com/news/international/2012/01/19/231691.htm Thu, 19 Jan 2012 13:54:04 +0000 http://www.insurancejournal.com/?p=231691 Pre-emptive strikes by naval forces, the deployment of private armed guards and protective measures by ships helped to almost halve the number of successful hijackings by Somali pirates last year, a maritime watchdog said on Thursday. Seaborne gangs are making …

The article Navy Actions Reduce Somali Pirate Hijackings: Maritime Bureau appeared first on Insurance Journal.

]]>
Catlin Forms Partnership with Crisis Management Consulting Firms http://www.insurancejournal.com/news/international/2012/01/04/229370.htm Wed, 04 Jan 2012 11:57:24 +0000 http://www.insurancejournal.com/?p=229370 Catlin Group Limited has formed a partnership with two specialist risk management consulting firms, which, it said, would “enhance the services it offers to clients with hijack, kidnap, extortion and wrongful detention exposures.” The partnership with Drum Cussac and Compass …

The article Catlin Forms Partnership with Crisis Management Consulting Firms appeared first on Insurance Journal.

]]>
Google Tells Congress Online Anti-Piracy Bill Goes Too Far http://www.insurancejournal.com/news/national/2011/11/16/224380.htm Thu, 17 Nov 2011 01:22:51 +0000 http://www.insurancejournal.com/?p=224380 Google Inc. warned U.S. lawmakers on Wednesday that proposed legislation to crack down on foreign websites selling pirated U.S. movies, music or other counterfeit goods goes too far and could depress investment. The legislation has pit Internet giants, consumer groups …

The article Google Tells Congress Online Anti-Piracy Bill Goes Too Far appeared first on Insurance Journal.

]]>
UK PM Seeks Law Change to Allow Armed Guards on British Vessels http://www.insurancejournal.com/news/international/2011/10/31/222138.htm Mon, 31 Oct 2011 11:16:09 +0000 http://www.insurancejournal.com/?p=222138 UK Prime Minister David Cameron announced plans to amend British law to allow UK registered vessels to employ armed guards as security, when they are transiting dangerous waters – mainly those off the coast of Somalia. Cameron’s initiative marks a …

The article UK PM Seeks Law Change to Allow Armed Guards on British Vessels appeared first on Insurance Journal.

]]>
Ongoing Pirate Menace Triggers Special Coverage, Security Measures http://www.insurancejournal.com/news/international/2011/10/25/221477.htm Tue, 25 Oct 2011 13:53:44 +0000 http://www.insurancejournal.com/?p=221477 “Pirates of the Caribbean” they aren’t. They are for the most part desperate men from a failed state that have discovered that one of the world’s oldest professions offers wealth and power, if you’re willing to take the risks. In …

The article Ongoing Pirate Menace Triggers Special Coverage, Security Measures appeared first on Insurance Journal.

]]>
Piracy Attacks at Record Levels But Hijackings Decline http://www.insurancejournal.com/news/international/2011/10/18/220470.htm Tue, 18 Oct 2011 13:35:37 +0000 http://www.insurancejournal.com/?p=220470 As world piracy hits a new high, more ships are escaping Somali pirates, according to a new report. Piracy on the world’s seas has risen to record levels, with Somali pirates behind 56 percent of the 352 attacks reported this …

The article Piracy Attacks at Record Levels But Hijackings Decline appeared first on Insurance Journal.

]]>
Piracy Costs World Shipping Industry $9B a Year http://www.insurancejournal.com/news/international/2011/10/04/218532.htm Tue, 04 Oct 2011 13:34:49 +0000 http://www.insurancejournal.com/?p=218532 Piracy is costing the global shipping trade more than $9 billion a year, according to Indian ship owners, who are demanding that the U.N. set up a maritime force to halt pirates operating off the Somalian coast in the Indian …

The article Piracy Costs World Shipping Industry $9B a Year appeared first on Insurance Journal.

]]>
Aon Report Concludes Piracy Threat Spreading to East Africa Coast http://www.insurancejournal.com/news/international/2011/09/19/216288.htm Mon, 19 Sep 2011 11:05:03 +0000 http://www.insurancejournal.com/?p=216288 Aon Risk Solutions, the risk management business of Aon Corp., has issued its first in depth report analyzing the threat posed by pirates. It points out that with the end of the monsoon season pirate activity usually increases. It also notes …

The article Aon Report Concludes Piracy Threat Spreading to East Africa Coast appeared first on Insurance Journal.

]]>
Official Says Germany Wants Armed Guards on Europe Ships http://www.insurancejournal.com/news/international/2011/08/23/212018.htm Tue, 23 Aug 2011 16:00:21 +0000 http://www.insurancejournal.com/?p=212018 Germany plans to lobby other European Union countries to allow the deployment of private armed guards on their merchant ships in high-risk areas as a piracy crisis escalates, ministry officials said.  But analysts said the initiative was likely to face …

The article Official Says Germany Wants Armed Guards on Europe Ships appeared first on Insurance Journal.

]]>
NMS Report Highlights Continued Somali Piracy; New Threat in Gulf of Guinea http://www.insurancejournal.com/news/international/2011/08/11/210406.htm Thu, 11 Aug 2011 10:19:44 +0000 http://www.insurancejournal.com/?p=210406 A report compiled by David Rider of Neptune Maritime Security points out that, despite the “best efforts of the world’s navies and EU NAVFOR in particular, pirate attacks continue in  the area off the Horn of Africa- Somalia, the Indian …

The article NMS Report Highlights Continued Somali Piracy; New Threat in Gulf of Guinea appeared first on Insurance Journal.

]]>
Marine Insurers Add Benin to Risk List after Attacks http://www.insurancejournal.com/news/international/2011/08/08/209824.htm Mon, 08 Aug 2011 12:51:26 +0000 http://www.insurancejournal.com/?p=209824 London’s marine insurance market has added Benin to a list of areas deemed high risk due to an escalation of pirate attacks in the area, a senior official said. Pirates attacked two Panamanian-flagged tankers carrying oil off the coast of …

The article Marine Insurers Add Benin to Risk List after Attacks appeared first on Insurance Journal.

]]>
Maritime Intelligence Service Offers Advice on Armed Guards on Ships http://www.insurancejournal.com/news/international/2011/08/03/209199.htm Wed, 03 Aug 2011 09:42:33 +0000 http://www.insurancejournal.com/?p=209199 Gray Page, a specialist maritime intelligence, investigation and crisis management company, has advised that the IMO’s Maritime Safety Committee’s (MSC) recently approved interim guidance on the employment of privately contracted armed security personnel (PCASP) to combat piracy, “underlines the requirement …

The article Maritime Intelligence Service Offers Advice on Armed Guards on Ships appeared first on Insurance Journal.

]]>
Steamship Mutual to Launch ‘Piracy Menace’ Loss Prevention DVD http://www.insurancejournal.com/news/international/2011/07/25/207920.htm Mon, 25 Jul 2011 18:21:37 +0000 http://www.insurancejournal.com/?p=207920 London-based Steamship Mutual, a leading P&I Club, announced the imminent launch of its latest Loss Prevention DVD entitled “PIRACY – The Menace at Sea”. The Club described the current piracy situation as a “wholly unacceptable threat to merchant shipping and …

The article Steamship Mutual to Launch ‘Piracy Menace’ Loss Prevention DVD appeared first on Insurance Journal.

]]>