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Stopping the piracy juggernaut

The International Union of Marine Insurance (IUMI) has welcomed the announcement by the International Chamber of Shipping (an affiliate member
of IUMI) that it is now taking a more neutral position on the use of private armed security personnel on board ships to protect them from pirates. This is precisely the stance adopted by IUMI, which announced in January that it was up to individual insurers whether to provide cover for ships and operators if private armed guards were employed on board.