What we offer
We offer Kidnap & Ranson exclusively through the MGA, ANT Exceptional Risks. Please contact us to find out more. Kidnapping has long plagued unstable countries and countries with extreme disparities of wealth and poverty. But today its shadow extends further. For both companies and wealthy families, kidnaps can today occur anywhere, with devastating consequences.
Core coverage includes:
- Loss of ransom in transit
- Additional expenses
- Personal accident
- Legal expenses (Corporate cover only)
- Unlimited response consultant services.
Up to USD $25 million for each coverage section plus unlimited use of the response consultant services.
How can we help
Kidnap & Ransom, or K&R, insurance was pioneered in the Lloyd's market. At its core is a critical service - the ability to negotiate a safe and successful outcome to a kidnapping, wherever it may occur and whoever may be responsible.
Beazley's K&R insurance clients benefit from the expertise and worldwide connections of Northcott Global Solutions and Crux Risk, specialist firms with many years of experience negotiating favourable outcomes to K&R and extortion attempts.
Who we can help
- Corporates – Most frequently covers all directors, officers and employees. All family members of these covered persons are automatically included.
- Families – Cover for private individuals and their named family members.
The Beazley Difference
Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.
STRIVING FOR BETTER
Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.
DOING THE RIGHT THING
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.
Examples or Scenarios
A travelling businessperson is kidnapped by opportunistic criminals who increase their ransom demands when they realise they are a foreigner. We are able to activate our response 24/7 globally utilising our carefully selected expert partners with local knowledge and capabilities. This allows negotiations to commence as rapidly as possible along with measures to secure the safety and repatriation of our customer.