Asset Protection: Kidnap & Ransom and Piracy insurance
We provide security to policyholders through our Catlin Asset Protection products, which include Kidnap & Ransom insurance and Piracy insurance.
Acts of kidnap on land and piracy on the high seas are now foreseeable events. Businesses and organisations which face potential loss from ransom payments, business interruption, litigation and long term reputational damage need sensitive crisis planning and risk transfer solutions.
Kidnap & Ransom insurance coverage highlights
- Kidnap, extortion or piracy – ransom reimbursement
- Ransom Lost in Transit
- Wrongful Detention – all expenses associated with the incident
- Personal Accident – a lump sum for injury or death for those involved
- response consultant costs on an unlimited basis
- all reasonable additional costs
- limits up to USD 50m
- access to travel risk information.
Piracy - a growing menace
Piracy attacks from Somalia into the Indian Ocean and beyond are likely to increase during the autumn of 2011 once the monsoon season has ended. In a special report, one of Catlin's piracy experts, Peter Dobbs, explains the threat and highlights some of the themes that are developing this year across the globe.
Read the full report