Security Risks - Kidnap and Ransom Insurance
Up to USD 100 million
In today’s global business economy, serious threats to personal and corporate security are frequent. Incidents like kidnapping are difficult to predict and when they occur they require a swift, organized and expert response.
AXA’s specialist Kidnap & Ransom insurance product helps companies and individuals navigate through these dynamic, complex and constantly changing scenarios. We offer specialized knowledge and a wide range of insurance coverages to help clients manage their risk landscape.
The financial impact of a crisis can be severe on any company or family. AXA’s Kidnap & Ransom insurance policy aims to take away this burden by reimbursing all associated costs incurred both during and after the event.
We seek to provide the most comprehensive cover in the market by covering all the following events within our main policy wording:
- Cyber Extortion
- Products Extortion
- Wrongful Detention
- Express Kidnap
- Hostage Crisis
- Child Abduction
We are also able to offer the following insurance coverages as extensions:
- Business Interruption
- Cyber Extortion Business Interruption
- Emergency Security Evacuation
- Product Recall Expenses
- Stalking Threat
- Tiger Kidnap
We reimburse all expenses reasonably incurred by the insured in connection with a valid claim.
Expert assistance is also vital when handling a high pressure, stressful situation such as the kidnapping of a colleague or loved one. Immediate access to independent, experienced advisers to help at such a time can be invaluable, and is often the driving factor when purchasing a Kidnap & Ransom insurance policy.
AXA exclusively retains the services of expert and highly experienced crisis management advisors, S-RM. As part of our product, our consultants’ services are immediately available to AXA’s Kidnap & Ransom insurance clients when they have suffered an incident.
You don’t have to be a billionaire or a foreigner working in a war zone to be a target for kidnap and ransom related events. Companies or individuals can find themselves at risk through their travel exposures, the location of their permanent operations, their specific industry or their public profile. AXA offers worldwide kidnap & ransom coverage to all industries. Some sectors find themselves at higher risk due to the nature of their business and the locations that they tend to work in, such as the following:
- High net worth individuals
- Humanitarian and aid agencies
- Media and journalists
- Oil and gas
Benefits & Services
- We are the largest Lloyd’s Syndicate and we have global underwriting and claims experts in London ,Guernsey, New York, Hong Kong, Hamburg, and Sydney
- We have the largest capacity in the market
- Our strength and capacity allows us to be flexible, tailoring cover to fit client needs
- We offer exclusive access to world-leading kidnap response expertise through our security consultants S-RM
- Access for all insurance policyholders to our Global Security Insight (GSI) platform, a market leading security analysis tool
- Consistently ranking top for our claims service, according to the Gracechurch Survey
Information and Research
The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.