Munich Re views the frequency and scale of recent acts of piracy with growing concern. Even if piracy only accounts for a very small portion of marine insurance business, the potential perils are enormous.
September 2009
Ship hijackings have continued unabated, despite the military presence in the Gulf of Aden and off the coast of Somalia. Kidnap and ransom is " thebig business" for pirates. »more
December 2008
The frequency and severity of piracy attacks have reached alarming levels. Munich Re comments on the current situation. »more
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