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Kidnap & Ransom

Kidnap for ransom, extortion and detention are ever-evolving risks, changing not only in location but also in the threat posed. Activity can spring up rapidly in emerging kidnap hotspots as criminal organizations with global reach look to exploit any opportunity.

Our team provides the best possible kidnap and ransom protection, backed by an unparalleled level of expertise and the kind of service that makes our clients treat us as close partners. We have broad experience which comes from working with a diverse client base over many years: from high net worth individuals and their families, to international organizations with staff operating across the globe. The needs of each policyholder can be very different and our underwriters work hard to understand all of our clients, writing the policy that’s right for them.

Our kidnap and ransom insurance provides flexible, bespoke protection across the full range of risks; everything from ransom payments to legal costs and personal accident benefits. We can also include a range of extensions specific to employers to reduce legal liabilities and resulting business interruption costs amongst other exposures specific to their needs.

Response consultants

Should the unfortunate occur, our chosen market-leading security consultants NYA, a GardaWorld company, are able to act immediately wherever you are, applying local knowledge and experience to formulate the most effective and safest response to the specific threat faced. The fees of these professionals needed to help solve delicate, painful and potentially very costly situations are covered on an unlimited basis.     

Capacity

As well as Lloyd’s and company paper, our Underwriters have access to Asset Protection Jersey (APJ), an offshore subsidiary. A maximum line of US$50 million is available across the major heads of cover.

Client confidentiality

Aspen’s underwriters maintain the strictest levels of confidentiality and will never disclose client information.

Coverages

Our policies indemnify against a host of additional expenses that a client may incur during the resolution of an incident. These may include:

  • Fees and expenses of an independent negotiator
  • Fees and expenses of public relations consultants and interpreters
  • Cost of travel and accommodation
  • Costs of medical and/or psychiatric care
  • Interest on authorised loans to meet a ransom
  • Costs of communication, recording equipment and advertising
  • Personal financial loss, where given
  • Fees and expenses of independent forensic analysis
  • Reasonable costs of cosmetic or plastic surgery
  • All other reasonable expenses incurred by the assured or insured persons in
  • negotiating the release of the victim with prior written approval of the underwriters

Aspen APJ: Our K&R Specialists

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Aspen APJ is a closely-integrated Aspen subsidiary which specializes in kidnap and ransom, piracy and personal accident insurance.

Visit the Aspen APJ website to get more information on their insurance products and response services.

Visit the Aspen APJ website