LMA’s head of underwriting to speak to Nato on piracy and insurance

The Lloyd’s Market Association (LMA) has been asked to discuss anti-piracy issues with Nato officials.

The LMA’s head of underwriting, Neil Smith, will give Nato officers an insight into the London insurance market’s perspective on piracy.

He will also explain how the market is handling the risk at anti-piracy workshop in Germany next week.

Smith said: “Nato is keen to get a broader, non-military perspective on piracy. They particularly want to understand its impact on insurers, both operational and financial.

“The LMA believes this is a very positive initiative and I’m delighted to have been asked to talk to these officers.”

EU NAVFOR is the European Union’s naval force combating piracy in the waters off Somalia. Nato personnel make up a major part of the force.