Kidnap & Ransom

The threat of kidnapping and extortion continues to grow abroad while domestic incidents of threats and workplace violence are also on the rise. When one of these crises occurs, it can have devastating effects on the organization or family involved. Tokio Marine HCC can provide peace of mind through a policy that protects organizations whose employees and corporate assets are at risk as well as high profile families in the U.S. and abroad.

Highlights

Capacity: Up to $ 50 million or currency equivalent
Policy periods up to 36 months
24-hour crisis hotline
Worldwide coverage
Coverage can be secured on a short-term basis, for individual trips or for an entire organization, including relatives and guests of insured persons
Policy can be issued under a code name to preserve confidentiality
Submissions can be quoted next day of receipt
Indications available based on preliminary underwriting data
Ability to offer tailored policies for a variety of risks, including but not limited to: religious institutions, educational facilities, hospitals and charitable organizations
No minimum premium requirements
No deductibles required on most risks
Immediate access to Unity Advisory Group’s consulting services across a variety of topics relating to security and executive protection

Target Insureds

Multinational corporations with employees travelling abroad for work
Corporations with international operations or locations
Journalists, religious groups or non-governmental organizations with travel to high-risk areas
Professional athletes and entertainers
Executives and high net worth individuals and their families

Summary of Coverage

Whether the insurance need is for an individual executive, entertainer, or athlete or for a multinational corporation, Tokio Marine HCC - Specialty Group has the experience, knowledge and time-tested commitment to these niche markets to provide you with a meaningful insurance solution.

Our products are critically important in fulfilling a company’s duty of care responsibilities to their employees when they are operating in high-risk environments on their behalf.

Our kidnap and ransom policies provide worldwide coverage for perils including extortion, detention, hijacking, as well as kidnap and ransom. Benefits include not only ransom, but also a legal liability, surrendered personal belongings, and additional expenses such as medical expenses and lost salary. Another key feature of our coverage is providing clients unlimited fees and expenses for crisis response and 24/7 access to a leading crisis management firm, Unity/On Call.

Unity is a leading and trusted international provider of security, risk, and crisis response services operating from a network of global offices. Unity’s crisis response leaders are full-time employees whose collective experience totals more than 1,420 led and supervised cases in over 70 countries by current team members, including the world most challenging locations. Unity places a strong emphasis on prevention an pre-incident planning and provides policyholders with a range of complimentary services to reduce their exposure to prevalent risks and threats.

Learn more about Unity Advisory Group

For over 20 years, On Call International has provided fully customized travel risk management services protecting millions of travellers, their families, and their organizations. Whether it’s a medical crisis, political threat or even a common accident such as a missed flight, On Call’s comprehensive travel risk management programs integrate world-class medical and security resources that help reduce risk exposure and the burdens these exposures can bring. Through intelligently blended capabilities and cost management strategies, we offer our clients greater operational efficiencies, economies of scale and fully flexible products that are aligned with their unique needs.

Learn more about On Call International

Claims Scenarios

THREAT:

General counsel of a bank received a number of threatening e-mails from the beneficiary of a trust administered by the bank.

EXTORTION:

Country Manager of a NGO, an El Salvador citizen, received a series of telephone calls at his home and on his cell phone from an unknown caller who threatened to kidnap him or his family if he did not pay a specified amount of money.

VIRTUAL KIDNAP:

An insured’s 18 year old daughter answered a call from an individual stating that he had kidnapped her father. The caller demanded cash and valuables as ransom. Fearing for her father’s life, the daughter followed the caller’s instructions, gathered cash and valuables from around the house, and dropped the bag of “ransom” outside of a nearby church as instructed by the caller. The daughter later learned her father was actually in no danger and that it had been a ruse.

DISAPPEARANCE:

A policyholder was concerned for the safety of his adult daughter who was visiting Cancun, Mexico, with her boyfriend, to attend a series of annual musical events and concerts. He received a series of strange and concerning communications from his daughter and her boyfriend. The last text messages from his daughter included the word “Help” and “911”. Subsequently, he did not hear from his daughter for two days.

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions.

Tokio Marine HCC - Specialty Group has been writing kidnap and ransom insurance for more than 35 years. Our underwriters are well equipped to address the full range of exposures facing commercial and financial enterprises and individuals based in the United States and abroad. We deliver individually tailored solutions that meet the ever complex needs of each of our clients. Our underwriters continually seek ways to enhance our products and protect our clients from challenging and unconventional exposures, wherever they are based. We listen, develop a profound understanding of our clients’ needs and develop coverage packages to protect them against the unexpected.