Kidnap, Ransom & Extortion Insurance (KRE)

Covered Events:

1.     Kidnapping/Alledged kidnapping

2.     Wrongful Detention

3.     Hijacking.

4.     Extortion.

Coverages:

This KRE includes coverage for the following costs:

1.     Ransom

2.     In-Transit/Delivery.

3.     Expenses.

4.     Consultants

5.     Judgements, Settlements and Defence costs.

6.     Death or Dismemberment.

Value Added Services

Kidnap for Ransom Consultants

·        Clayton Consultants works with clients before, during and after a Kidnap for Ransom or Extortion incident

·        21 retained consultants worldwide with local knowledge and language capabilities

·        Facilitate the negotiation and ransom payment and provide clients a steady hand through trying situations

·        Experience acquired through 700 Kidnap for Ransom cases and 850 Extortion cases

·        Food and Product Safety Consultants

·        RQA consultants work with clients to recall products as a result of a product extortion or threat of extortion

·        Extensive network of consultants allowing products to be recalled anywhere worldwide

 Crisis Consultants

·        Edelman consultants help clients shape and deliver their public response throughout a KRE event

·        Global presence with local expertise ensuring the appropriate message reaches the necessary audience in territories unfamiliar to the client

Crisis Preparation

·        Consultants work with clients to reduce the likelihood of a KRE situation and prepare them to best face a crisis if one does occur

·        Services include security briefings, simulation exercises and recommending security precautions

·        A portion of the premium is allocated towards pre-incident consulting services.

Crisis Hotline

·        Clients call the hotline available 24/7 in the event of an actual or perceived incident and are put in contact with the appropriate response consultant based on their location, language and the nature of the incident

Market Intelligence

·        Monthly account of KRE incidents

·        Access to websites detailing worldwide security threats

Certain geographic areas may be excluded. 

Experience and Market Dedication

·        Flexibility: KRE is offered as a stand-alone product, extension to other Property and Casualty products and as a part of packaged products

·        Broad expertise: Underwriters understand the local threats faced by our clients and have a global network of resources allowing for comprehensive worldwide coverage

·        Adaptation:  Chartis develops new products and modifies existing ones to meet specific client needs

Skill: Claims are effectively managed, drawing on local, firsthand knowledge of risks, policy forms and business practices unique to every country

Please treat knowledge about the insurance and the incident as highly confidential.

If you become aware of an incident, which might be covered under the Kidnap & Ransom policy, please contact Clayton immediately. Contact details are in the policy.

Clayton provides advice and services and report the incident to Chartis.

Chartis will decide on coverage and loss assessment.