London Insurers form a private pirate-fighting fleet

1:48 AM Mon 21 Feb 2011 GMT

'Project raises more questions than it answers' .

Insurers in the City of London are finalising plans to set up a private fleet of armed patrol boats in the Gulf of Aden, in a new drive to stamp out Somali piracy, but there's no indication that cruising yachts will be included or able to insure as a result of the plan. The naval protection force was conceived by leading figures in the Lloyd's of London market. They have been working with ship owners, freight operators and governments for months, marshalling support for their plan. While the plan raises more questions that it answers, the goal of the Convoy ...

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by Neptune Maritime Security/Sail-World