Marine Piracy Protection

A marine piracy kidnap and ransom policy covers vessels transiting through the Indian Ocean, Gulf of Guinea and South East Asia high risk areas.

The policy provides not only the valuable financial protection by covering the ransom payment (via reimbursement) and all related expenses of a hijacking situation, but more importantly it provides the services of internationally renowned experts in the field of marine piracy kidnap and ransom.

Our dedicated and experienced marine piracy brokers ensure that you have a piracy policy that is best suited to your needs.

Working with the most established insurers with the most comprehensive wordings, competitive pricing and crucially the most experienced response companies in the field of maritime response, gives you that important peace of mind.


Marine piracy protection 

In the event of an incident, we work with the response consultants to understand the nature of your loss so that we can subsequently negotiate with the insurer to obtain the best possible claims settlement by leveraging our superior product knowledge, insurer relationships and claims experience.

An effective insurance programme should include:

  • Ransom reimbursement and loss of ransom money
  • Unlimited access to experienced response consultants in the event of an incident
Marine piracy protection 
  • Legal liability costs: settlements and legal fees
  • Loss of hire including any contractual penalties due in relation to future transit bookings
  • Personal accident cover
  • Fuel oil theft
  • Additional expenses including travel and accommodation expenses, rest and rehabilitation costs and bunkering costs.

Physical damage to the vessel, especially where the typical excess on a marine hull policy may be well above the level of damage that could result from a pirate attack.


There is no limit to how early an insured can come to the market with a request for insurance coverage. The more information the insured is able to share on the risk exposure the more meaningful the feedback from insurers will be. If the risk information submitted is minimal and there are outstanding questions, particularly where there might be historical claims or high risk country exposure, insurers will only be able to provide theoretical feedback at best.

  • Name of the insured company or family name (if purchasing for personal reasons)
  • Confirmation of assets/ turnover (as this is a policy of indemnity, we can only provide limits of indemnity which are equal to or less than your asset/turnover base)
  • Number of people to be covered by country of residence
  • Travel pattern of insured persons (locations, duration and frequency of trips)
  • Confirmation of any previous threats/incidents in the last five years

By the insurers? The policy is cancellable by the insurers ONLY for the non-payment of premium by the insured.

By the insured? This policy is cancellable by the insured by written notice to insurers. Earned premium will be calculated on a pro-rata basis and a return premium may be provided to the insured for the unexpired portion of the policy subject to insurer agreement.

Please contact the named response consultants on your policy immediately, as soon as an incident has occurred or is thought to have occurred and provide them with information regarding the nature of the incident, those involved and the location. The response consultants will provide you with immediate advice and guidance on what to do next.

With these policies, your insurer is exclusively tied to a response consultant who will support you in managing a crisis from start to finish. The claim number on your policy will be the dedicated response consultants’ number which is operational 24/7,365 days a year. You may also wish to simultaneously contact your broker to discuss the insurance coverage however we would strongly recommend that your first point of contact should always be the response consultants. NB The response consultant works in the interests of the insured not the insurers.

Yes, these policies are highly confidential and a condition of the policy is that knowledge of its existence should be restricted as far as possible. For these reasons, we always recommend that only a select few individuals are aware of the policy’s existence.

Key facts

20+ global security risk specialists25 years’ broking and claims experienceOver 900 security risks claims handledOnly global credit and political broker with an in-house security team


Marine piracy protection 

Clients wishing to purchase insurance for security risks need to ensure that they select a broker with the relevant skills, knowledge and expertise in their business sector. We believe insurance contributes to the growth of your business as well as providing crucial protection in challenging circumstances.

We find opportunities, where others see challenges. Our entrepreneurial culture and exclusive analytical ability helps clients to identify and realise opportunity in volatility. Here’s what makes us different:

  • We pride ourselves on being accessible across all time zones. By the very nature of these insurances, we understand the great time-sensitivities involved
  • Given the sensitivity and complexity for security-related claims, we advocate integrity, efficiency and confidentiality
Marine piracy protection 
  • We have the tenacity and desire to disrupt the market status quo and drive the insurance market forward with cutting-edge solutions. We pride ourselves in being seen as market leaders
  • We have a dedicated team of specialists around the world, focused solely on security risks, so you know you will always receive expert advice and support
  • Our long-standing relationships with the specialist insurers in this field means that our market leverage for seeking alternative structures to ensure the most competitive and holistic coverage is available to you. We set the trends, not just follow them
  • Our proprietary risk platforms and knowledge hubs are unique to the insurance market and can deliver you with critical risk insights
  • Our brokers draw on our in-house analysts’ expertise to identify current risk trends and forecasted risk developments globally that may impact you or your business.

Case Studies

Gulf of Guinea

An Antiguan flagged vessel is hijacked and seven crew members kidnapped 120 nautical miles south west of Bonny Island, in the Gulf of Guinea. Following extensive negotiations with the kidnappers, the crew are released after a ransom is paid more than one month after the initial incident. 35 seafarers were taken hostage in the Gulf of Guinea over the first six months of 2018 (Eos Risk).

How the policy responded:

  • Unlimited response consultants’ fees and expenses to investigate the kidnapping conduct hostage negotiations and manage the crisis at corporate level and at the family level
  • Ransom reimbursement
  • Salary cover for the kidnap victim/s plus salary costs of a temporary replacement if required
  • Travel and accommodation costs for the repatriation of the victim/s
  • Medical costs and psychological counselling costs
  • Occupational retraining for the affected crew

Indian Ocean

A vessel is hijacked off the coast of Somalia. The vessel is boarded by two dozen armed men, who turn off the tracking device and hold the crew hostage. Following negotiations, the crew are released and no ransom paid.

How the policy responded:

  • Unlimited response consultants’ fees and expenses to investigate the hijacking, identify the perpetrators, and manage the negotiation strategy alongside the client
  • Medical care costs and psychological counselling costs
  • PR consultancy costs and legal advice
  • Salary cover for the victims
  • Travel and accommodation costs for the repatriation of the victim/s.

Claims capabilities

We deliver results. We deploy all resources to help resolve complex losses and deliver claim payments. Our track record is unblemished.

Our clients have confidence that the insurance policies we arrange for them are expertly structured and written by experienced insurers with strong track records in paying claims. Our approachable brokers work alongside our meticulous CPS claims professionals who specialise in handling, managing and negotiating claims.

In the unfortunate event of a loss:

  • You would have a single point of contact with overall accountability for all losses wherever they occur
  • Our proactive claims handling process would help maximise your recovery under your programme, while minimising the intrusion and interference to your on-going operations
  • We would leverage our strong relationships with the major leaders, loss adjusters and lawyers to help expedite the claims process
  • You would have access to our sophisticated pre-loss consulting and effective post-loss recovery services.


Our starting point when structuring a new policy is to precisely understand your needs. Our brokers sit alongside a team of risk analysts drawn from security, technical and academic backgrounds.

Their substantial knowledge is utilised to help us understand the precise nature of your risk profile, thereby assisting us in determining the right insurance solution for your requirements.

Using ground-breaking modelling and rating tools, such as Sunstone and World Risk Review, our analysts can pinpoint risks, map exposures, analyse the risk triggers, and evaluate probable maximum loss (PML) ratios across a portfolio of assets.

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