Maritime piracy presents an increasing risk year on year and hot spots now include major shipping routes in and around South East Asia, Latin America the Indian Ocean & Africa. Preparation and risk mitigation are critical to managing exposure to piracy threat.
AIG specialises in supporting commercial ship owners, ship operators and charterers that face potential threats to their vessels and crew. In partnership with Crisis24, who pioneered maritime crisis management support, the cover provides insurance and preventative solutions to tackle the hijack of crew or illegal vessel seizure. Cover can be provided for ransom payments, additional costs and for loss of hire.