Victory | November 1, 2021
Major European Marine Insurance Companies Take Action to Deter Illegal Fishing
Leading European-based marine insurance companies AXA XL, British Marine, DUPI Underwriting Agencies BV, Generali Group, and the Shipowners’ Club introduced improved measures to avoid insuring vessels engaged in illegal, unregulated, and unreported (IUU) fishing. These newly adopted screening processes are a direct result of Oceana’s campaigning. The five companies will now be better able to identify and deny coverage to known illegal operators, making it harder for such vessels to continue operating.