ransom News

Liberty Int’l Underwriters Names McCarthy as Head of Global Crisis Mgmt. Unit

Liberty International Underwriters (LIU), a part of Liberty Mutual Insurance, has appointed Jane McCarthy as global senior vice president of its Global Crisis Management unit which includes kidnap, ransom and extortion; contaminated products; and product recall coverage worldwide. Based in …

Somali Pirates Free Greek Ship, Claim Ransom Was $5.7 Million

Somali pirates have released the Greek-owned bulk carrier Free Goddess and its 21 Filipino crew members after holding the vessel for more than eight months, the secretary general of the Seafarers Union of Kenya said on Friday. Andrew Mwangura, whose …

Africa’s Pirates Have Demands for Insurers – and a Letterhead, Too

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 …

EXCLUSIVE – Somali Pirate Kingpins Enjoy ‘Impunity’ Say UN Experts

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 …

Efforts to Tackle Somali Piracy Paying Off Says IMB

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 …

Catlin Forms Partnership with Crisis Management Consulting Firms

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 …

Ongoing Pirate Menace Triggers Special Coverage, Security Measures

“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 …

Somali Pirates Secrets Revealed in New Book

The pirates were nervous. A rookie author – a white man from Canada – had unexpectedly arrived in their cliff-top Somali village to ask about the captured ship anchored offshore. Locals fearing a showdown quietly melted away into a small …

Somali Pirates Seize Singapore Tanker off Kenya Coast

Somali pirates hijacked a Singapore-owned product tanker about 180 miles [290 kms] off the coast of Kenya, said port officials and the EU’s anti-piracy taskforce on Monday. The 21,000-ton vessel MV Gemini, operated by Singapore-based Glory Ship Management, was seized …

Somali Pirates Release Greek-owned Ship; Ransom Paid

Somali pirates have freed a Greek-owned, Cyprus-flagged ship they seized in January after receiving a ransom payment, the pirates and a piracy monitoring group said. The pirates said they had released MV Eagle, a 52,163 deadweight ton merchant vessel and …