Marine K&R an Above “Average” Marine Insurance

By Capt. Thomas Brown, Seacurus Limited

It would appear to the casual observer looking in on the marine insurance industry that confusion continues to reign over the way in which the marine insurance industry has reacted to the modern day threat of piracy and the ensuing cases of kidnap for ransom of ships and their crews off the Horn of Africa.

The sheer size of the international waters in which the attacks take place and the randomness of these attacks in the Gulf of Aden and Indian Ocean off Somalia have taken the industry by surprise. Ship-owners whose

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