Somali piracy attacks could be copied across the world, pushing up premiums against piracy, Munich Re has warned. Dieter Berg, the company’s head of marine insurance, said the “business model” used by the pirates could become popular elsewhere. “Instead of hijacking ships to steal equipment and cargo, they are now holding the crew, cargo and ship for ransom fees. We certainly have to watch what is going on carefully.”

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.

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