Kidnap & Ransom

With over thirty years operational experience and one of the largest portfolios of kidnap and ransom business in the London market, this team has successfully settled over 250 cases worldwide. Our kidnap and ransom policies use a negotiation methodology that makes the safety of the employees and family members the primary objective. Our leading position gives RFIB exclusive access to the services of one of the premier security companies in the world as well as access to all of the better known specialist security companies.

As the only team operating full binding authorities in the London Market we have a unique capability to turn around business from initial contact to policy issuance within 48 hours. We have immediate authority to place risks up to USD25m of cover and full claims authority up to USD 500,000.

Cover includes:

  • Death, loss of sight, loss of a limb, loss of an extremity, permanent total disablement
  • Detention
  • Extortion
  • Hijack
  • Kidnap
  • Personal accident
  • Products extortion

Kidnap & Ransom - Shipping Industry

The unprecedented levels of piracy activity off Somalia and within the Malacca Straits and resulting rise in the potential for a ship’s crew to be held for ransom highlight the importance of kidnap and ransom cover. As much about having the right resources on hand to maximise the possibility of getting people back safely as they are about funding ransom demands, our shipping industry kidnap and ransom policies provide direct access to professional crisis management and maritime security consultants. We can also assist our clients with prevention services.

Subject to policy limits, the cover offered includes:

  • Reimbursement of ransom, including surrendered marketable goods or services
  • Loss in transit of a ransom, by confiscation, destruction, disappearance, seizure or theft, while being conveyed by an authorised person to those who have demanded it
  • Fees and expenses of response consultants

Additional expenses, including:

  • Communication costs
  • Cost of child care incurred directly as a result of an incident
  • Cost of travel and accommodation
  • Cost of repatriation of a body
  • Fees and expenses of temporary security guards and of independent forensic analysts
  • Fees of an independent negotiator
  • Fees of an independent public relations consultant or interpreter
  • Fees for independent psychiatric care
  • Rest and rehabilitation expenses and re-training costs
  • Personal financial loss
  • Reward payments
  • Subject of underwriters’ pre-approval, all other reasonable expenses incurred
  • Sums payable by way of interest on loans raised to meet a ransom
  • The cost of employees specifically designated to assist in negotiating
  • 100% of a kidnapped covered person’s gross salary
  • 100% of the gross salary for a replacement