40 reported piracy attacks off coast

Nigeria could take over from the coast of Somalia as the world’s piracy hotspot, an Allianz report says. There were 40 reported piracy attacks last year off the coast of Nigeria, and also in the Lagos region and the Boony River. This compares to 53 attacks off the Gulf of Aden, although there have been 109 in the first quarter of 2009, says the report from Allianz Global & Corporate Speciality, titled Piracy:

An Ancient Risk with Modern Faces. In a word of warning to ship owners, it says: “To match pirates’ tactics, boat crews need to be properly trained to employ defenses, such as long-range acoustic devices, securing the ship’s perimeter and maintaining speed in exposed areas, although they are strongly cautioned not to use weapons.”

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.