IISTL’s Engagement with Insurance Industry on IUU Fishing

The Institute of International Shipping and Trade Law (IISTL), a research centre within the College of Law and Criminology, continues to expand its operations. On 26 June, it collaborated with marine advocacy group Oceana to organise an afternoon seminar in London on the insurance and regulatory aspects of irregular fishing (known in the trade as fishing that is illegal, unreported and uncontrolled (IUU)). The main purpose of the event was to disseminate as widely as possible the results of a study carried out by three members of the Institute (Barış Soyer, George Leloudas and Dora Nikaki) in collaboration with researchers from University of British Columbia (Canada). In summary, the study found that it had been disconcertingly easy for vessels involved in IUU fishing to get liability insurance in the market. The study recommended an urgent review of underwriting processes and consideration of regulatory changes to put insurers under a legal duty to deny cover to vessels known to be connected with IIU activities.

soyer2
Professor Soyer delivering the findings of the project to the delegates

The event, which attracted an impressive 60 delegates, provided an excellent opportunity for those throughout the sector to engage in the debate. Presentations from Lasse Gustavsson (Senior Vice President of Oceana Europe) , Kjetil Saeter (Norwegian Business Daily), David Vajnai (Vice President Marsh Global Marine Practice),  Baris Soyer and Gerorge Leloudas (IISLT) and Dana Miller (a marine scientist with Oceana Europe) were followed by a lively debate led by insurers, brokers and policy-makers. The afternoon ended with a reception generously sponsored by the Waterloo Foundation, which was also the funder of the project. An academic article, which is co-written by Professor B. Soyer, Associate Professor G. Leoudas and Dr D. Miller, detailing main findings of the project is to appear in Transnational Environmental Law later this year.

Vajnai22
Mr David Vajnai (Marsh Global Marine Perspective) debating the matter from the perspective of the insurance brokers
leloudas6_154920

Dr Leloudas talking about the regulatory aspects of the issue

IUU Fishing – Regulatory & Insurance Aspects

eventbright - fisheries

IUU fishing is a global problem that threatens ocean ecosystems and sustainable fisheries. Various public law measures have been taken by the international community and the European Union to combat IUU fishing, but while these efforts, combined with those of various NGOs, have yielded positive results, it is believed that the insurance market could play a more active role in the fight against IUU fishing.

The primary object of this Symposium is to raise awareness of IUU fishing among stakeholders within the London insurance market. To facilitate discussion and inspire engagement from attendees, case studies within the context of the legal and insurance perspective will be presented by experts in the field. 

Speakers and Chairpersons include:

  • Lasse Gustavsson (Senior Vice President and Executive Director, Ocean Europe, Madrid)
  • Associate Professor George Leloudas (IISTL, Swansea University, Swansea)
  • Dana Miller (Marine Scientist, Oceana Europe, Dublin)
  • Kjetil Saeter (Investigative Journalist, Oslo)
  • Professor Barış Soyer (IISTL, Swansea University, Swansea)
  • David Vajnai (Vice President, Marsh Global Marine Practice, London)

Registration and other details:

The Seminar will be held at the Hallam Conference Centre (44 Hallam Street, London, W1W 6JJ) starting at 13:30.

A reception will be held directly after the event from 17:00 – 18:00. 

Register HERE 

Participation is free but please note that places are limited.