With pirate attacks hitting all-time highs, a British insurance firm is creating its own fleet of gunships to help prevent these costly disruptions; in the first quarter of 2011 pirate attacks reached record highs with 142 incidents occurring; to combat this growing threat, Jardine Lloyd Thompson, which insures roughly 15 percent of the world’s maritime cargo ships, is launching its Convoy Escort Program (CEP), which consists of a fleet of eighteen gunboats; so far no country has agreed to allow the private firm to carry out its plans and it lacks the ability to operate legally; the firm has already raised all the funds necessary and could be ready to begin escorting ships as early as this year