RFIB Group (RFIB), the international Lloyd’s insurance and reinsurance broker, Maritime Asset Security Training Ltd (MAST), a specialist maritime security company, and Saladin Group (Saladin) have today announced the launch of a total protection service for shipowners to safeguard against piracy.
MAST’s track record of providing security for over 250 ship movements since November 2008 coupled with the broad experience and regional capability of Saladin makes for a strong team, augmented further by the alliance with RFIB.
The unique product will offer shipowners a three-pronged approach to ensure total protection of their vessels, crew, cargo and passengers:
- MAST will provide guards, either armed or unarmed, for the transit period, train the crew in the action to take in the event of an attack and ensure the vessel is fully secure.
- Saladin will provide an instant response service which includes crisis management assistance, negotiating with the pirates, vessel overwatch, proof of life and delivery of ransom monies to secure the safe release of hostages.
- RFIB will provide Marine Kidnap and Ransom coverage to reimburse payments made for safe release. This service is insured at Lloyd’s.
This product is highly attractive to the marine market as the combined offer lowers risk and therefore reduces insurance premiums.
Hugh Champion, Managing Director of RFIB, Non-Marine said: “The focus of our combined offer is to give the marine market a cost effective solution which, at the same time, endeavours to ensure that insured vessels, cargo, crew and passengers reach their destination safely with their security and assets protected from all eventualities.
We are delighted to be working with two of the world’s premier security companies and look forward to reducing our clients’ premiums through the offering.”
Phillip Cable, Commercial Director of MAST, said: “MAST’s business priority has long been to provide an exemplary security service to the shipping and yachting community. We are pleased to be associated with Saladin and RFIB who will further this aim and enhance the security services available to the maritime community.”
David Walker, Chairman of Saladin, said: “This really is a unique, total protection product at very favourable prices. The combination of skills, knowledge and experience along with reduced insurance premiums makes for a highly attractive package within the marine market.”