This market briefing will provide an insight into global maritime and piracy issues, exploring implications for the London insurance market with a particular focus on recent events in the Gulf of Guinea.

Description

Piracy in the Gulf of Guinea has a long history but recent events have over turned established norms for prevention of such a catastrophic event for all involved. Greater use of security has seen piracy levels drop within Nigerian waters and escalate rapidly elsewhere in the region.

Pirates have demonstrated greater capability and intent by successfully boarding vessels with higher freeboard and greater speeds than ever before. In some instances Citadels have been breached and on occasion, seafarers killed. Ultimately the source of the piracy itself remains a Nigerian problem, but the complexities of preventing it have never been greater and more multilateral.

Speaker

• John Thompson, co-founder and Account Management Director at Ambrey