JLT White Paper Advises Ship Owners and Operators

to Review Coverage and Response to Piracy

With the end of the monsoon season, piracy has surged in the Gulf of Aden and the East Coast of Somalia. Since the start of 2009, 189 vessels have been attacked, of which 42 have occurred since October 10 of which have been hijacked

The increase in scale and intensity of piracy has focused attention of the shipping and insurance industries on this exposure and how insurance coverage is structured. Jardine Lloyd Thompson Limited (JLT) has participated in the release of four vessels over the past year. It is based on this experience that JLT today launches a white paper analysing the key risk factors and how best to prepare for Gulf of Aden and the East Coast of Somalia transits.

Sean Woollerson, Partner, Marine Oil and Gas Division, JLT, says "A state of preparedness is crucial for vessels navigating the Gulf of Aden and the East Coast of Somalia. We are also encouraging owners and operators to stress test their response to this peril. Our report today is a useful guide to understanding the risks posed and how best to protect against them".

--ENDS--

To register for a copy of the White Paper - Piracy - Coverage and Response, go to www.jltgroup.com/piracy-insurance

Enquiries:

Jardine Lloyd Thompson Ltd
Isabella Young
Tel: +44(0)20 7558 3387
EMAIL

Editor's Notes:

About Jardine Lloyd Thompson Limited (JLT)
JLT is a specialist London market insurance broker and risk consultant providing market leading industry knowledge and expertise in specialist fields to some of the world's largest companies.

JLT is part of the Jardine Lloyd Thompson group of companies, a leading risk management adviser, insurance and reinsurance broker and a major provider of employee benefits administration services and related consultancy advice.

Jardine Lloyd Thompson Group plc is quoted on the London Stock Exchange and employs 5,500 people worldwide and through JLT NetworkTM provides our insurance broking services in more than 120 countries.