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News | Archive: April 2025

African maritime insurance more critical than ever as piracy surges

April 24 2025 By Reinsurance Solutions marine insurance, maritime, piracy

Maritime piracy in East Indian Ocean waters has returned after a decade of relative calm in this area, with Somali pirates launching renewed attacks on vessels routing past the Horn of Africa. This has once again highlighted the importance of marine re/insurance to assist ship and cargo owners, as well as African companies, in mitigating the financial risks associated with international shipping. This increase in piracy comes off the back of the ...