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MARSH AND REDfour TEAM TO HELP SHIPOWNERS ADDRESS RISKS ASSOCIATED WITH PIRACY ATTACKS IN GULF OF ADEN
Insurance Broker, Maritime Security Firm Collaborate To Help Organizations Enhance Security, Strengthen Coverage, and Save Costs
New York, October 9, 2009 — Marsh, the world's leading insurance broker and risk adviser, and REDfour (MSS) Ltd, a maritime security firm, today announced they are working together to help shipowners address potential exposures associated with piracy attacks in the Gulf of Aden.
Shipowners working with REDfour for security services and with Marsh for kidnap and ransom (K&R) insurance coverage may qualify for significant reduction in their overall K&R insurance costs. In addition, Marsh and REDfour have agreed that clients binding with certain underwriters will be provided services from REDfour at a reduced cost.
REDfour, a maritime security firm that includes former members of Special Forces in the British Military, offers a wide range of services that are designed to integrate with an owner’s overall vessel security plan, including:
- Pre Gulf of Aden transit training of crew.
- Pre Gulf of Aden transit measures, such as barbed and electric fencing and bridge hardening.
- Security transit team with non-lethal weaponry.
- Armed Security transit team.
"As the end of the monsoon season approaches, many experts believe there may be a significant increase in the incidence of piracy attacks in the Gulf of Aden," said Lars Gustafson, a senior vice president in Marsh's Marine Practice. "Under these circumstances, shipowners are increasingly focused on tightening their security measures and strengthening their insurance protection. By working with Marsh and REDfour they can accomplish both objectives and achieve significant cost savings in the process."
Additional information is available by contacting Lars Gustafson of Marsh's Marine Practice in New York by telephone at (212) 345-3155 or by e-mail to
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About Marsh
Marsh has over 23,000 employees and provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with approximately 53,000 employees and annual revenue exceeding $11 billion. MMC also is the parent company of Guy Carpenter, the risk and reinsurance specialist; Kroll, the risk consulting firm; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. MMC’s stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges.www.mmc.com.
Media Contacts
Al Modugno
212-345-2448
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