Kidnap & Ransom Insurance

Kidnap for ransom remains an important source of income for criminals throughout the world. Sitting at the heart of your Crisis Solution policy, any alleged, attempted or actual kidnap is responded to by the industry leading support of NYA.

When someone is missing without an explanation it can be a confusing and alarming situation. Disappearance covers investigation costs following the disappearance of an insured person who has been missing for more than 48 hours, whatever the reason.

In an extortion scenario the perpetrators demand ransom payment as a condition of not carrying out the threat. Our extortion coverage responds to illegal threats to kill, injure, abduct your people, to damage property or disseminate trade secrets or confidential information.

An emerging crime trend is shorter term abductions with the intention of rapid financial gain (such as repeatedly forced withdrawals from an ATM). These fast-paced abductions, often concluding in a matter of hours when maximum withdrawal limits have been reached, have been termed ‘Express Kidnapping’.

Threats to people and property can come in many forms and not always for financial reasons. This coverage gives a client access to crisis consultants to conduct an initial threat assessment and, if necessary, recommend additional physical security support.

The act of holding people against their will can be effected by anyone, including government authorities. Global travellers, foreign workers, and expatriates can be particularly vulnerable. Any detention lasting over 3 hours that’s unrelated to a proven criminal offence or a failure to produce correct documentation is covered.

Covers the emergency extraction of expatriates or internationally based personnel from any location around the world, should the security environment significantly deteriorate. Coverage can extend beyond the cost of extraction, to salaries, personal effects and the cost of relocation too.

Clients have access to consultants at our specialist global response partner NYA, with the following advantages:

• World-leading recruitment; experienced professionals working to the highest possible standards
• Global operating model: consultants based strategically across 16 global locations
• Flexible crisis deployment: up to four consultants deployed upon notification of an incident
• Proven and tested expertise: established in 1990

In the event of an incident, AIG will reimburse the following:

• Ransom and ransom lost in transit
• Legal liabilities
• Personal accident benefits
• Additional expenses: (including but not limited to) travel, medical and security expenses

Crisis Solution (Family)
Coverage protects against incidents of kidnap, extortion, hijack, disappearance and detention as well as assaults and intimidation to individuals and property. It is supported by a risk prevention package designed to provide help and advice around all matters of personal security.

The market for Crisis Solution cover is extensive. It is suitable for organisations of all sizes where their employees are exposed to some degree of ‘people risk’.

We will look to provide solutions for all industry types, however, Crisis Solution is particularly relevant for businesses within:

• Multinationals
• Schools and Universities
  
• Construction and Engineering
  
• Energy and Mining
  
• Oil & gas
  
• Aviation
  
• Pharmaceuticals
• Maritime