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Marine insurers failing to reimburse ransom payments

Owners using Gulf of Guinea should ensure they have specific piracy cover or risk six-figure payouts from own account, according to Neylon

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‘The only reason (P&I clubs) didn’t pay ransom in Somalia is because it was a property risk,’ says HFW partner

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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