Specialty

Kidnap & Ransom

XL Catlin offers comprehensive insurance coverage for kidnap, extortion and other crisis events; such as product extortion, hijack, wrongful detention, threat, disappearance, express kidnap, hostage crisis, child abduction and assault. XL Catlin exclusively retains expert crisis response consultants, Terra Firma Risk Management. Policyholders have access to pre-event, real-time and post-event crisis response services.
  • Product details
    Product details

    Capacity

    Up to USD 50 million

    Coverage

    In today’s global business economy, serious threats to personal and corporate security are frequent. Incidents are difficult to predict and when they occur they require a swift, organized and expert response.

    XL Catlin’s specialist Kidnap & Ransom 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. XL Catlin’s Kidnap & Ransom 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:
    – Kidnap
    – Extortion
    – Products Extortion
    – Hijack
    – Wrongful Detention
    – Threat
    – Disappearance
    – Express Kidnap
    – Hostage Crisis
    – Child Abduction
    – Assault

    We are also able to offer the following coverages as extensions:
    – Business Interruption
    – Cyber Extortion Business Interruption
    – Emergency Security Evacuation
    – Product Recall Expenses

    We reimburse all financial costs incurred by the Insured which can include (but are not limited to):
    – Ransom
    – Ransom in transit
    – Legal liability
    – Personal accident
    – Salaries of the victim(s)
    – Temporary security measures
    – All travel and accommodation costs
    – Interest on loans
    – Medical and legal costs
    – Psychological counselling costs
    – Public Relations costs
    – Rest and rehabilitation costs
    – Unlimited Crisis Consultants’ costs

    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 policy.

    XL Catlin exclusively retains the services of expert and highly experienced crisis management advisors, Terra Firma Risk Management. As part of our product, our consultants’ services are immediately available to XL Catlin’s clients when they have suffered and incident.

    Client Profiles

    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. XL Catlin offers worldwide 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:
    – Oil & gas
    – Mining
    – Construction
    – Engineering
    – Media and journalists
    – Humanitarian and aid agencies
    – Telecommunications
    – Aviation
    – Finance
    – Security
    – Maritime

    Typical Information Required

    – Name of the Insured
    – Revenues and Assets
    – Number of employees by country
    – Travel (number or employees, destination, duration of trip)
    – Security measures in place
    – Prior Incident History

    Benefits & Services

    – We are the largest Lloyd’s Syndicate and can also write on company paper
    – We have underwriting operations in London ,Guernsey, New York, Hong Kong, Hamburg, and Sydney
    – 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 Terra Firma Risk Management
    – Committed to providing a fast and efficient service
    – Access to our GSI platform, a market leading security analysis tool

Downloads

Industries

This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, XL GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group plc are: Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Insurance Company of New York Inc., XL Insurance (Bermuda) Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #1209 are managed by Catlin Underwriting Agencies Limited and supported by XL corporate capital. Additional important information regarding our business is provided on our Legal Notices page.

Expert Profile

  • Denise Balan For everything from kidnap and terrorism to malicious product tampering, Denise is dedicated to creating a single point of access where h... View profile

Contacts

XL uses two forms of cookies on this site:

  1. to enable the site to operate and retain any preferences you set; and
  2. for analytics to make the site more relevant and easy to use.

These cookies do not collect personal information. For more information about our cookie usage, please click here. To comply with EU privacy laws you must consent to our use of cookies.

By using this site, you agree that we can place these types of cookies on your device. If you choose to change your cookie settings you will be presented with this message the next time you visit.

Specialty

Jewelers' Block

XL Catlin offers jewelers block insurance to manufacturers, wholesalers, retailers and collectors. Coverage is available for a range of risks, from the mining of raw material to the retailing of finished products.
  • Product details
    Product details

    Capacity

    We offer large capacity as a sole insurer, leading insurer or coinsurance partner.

    Coverage

    XL Catlin protects assets for the jewelry trade, from the moment they come out of the ground to the day the finished pieces are sold. We cover mining companies producing the raw materials, wholesaler, retailers and individual collectors, for a range of risks including theft, damage and loss in transit.

    Our appetite:
    – All risks of physical loss or damage
    – Mining of precious stones and metals
    – Personal jewelry collections
    – Wholesalers and retailers
    – Theft
    – Static and transit risks
    – Government and museum permanent collections

    Client Profiles

    Customized products for manufacturers, diamond dealers, retailers and mining companies

    Typical Information Required

    – Completed proposal form
    – Full security details

Downloads

Expert Profile

  • Celso Revert Although Celso has broad experience underwriting all kinds of kind of property, he currently focuses on fine art, jewelry, valuables and ... View profile
  • Graham Hawkins Graham is our Global Chief Underwriting Officer of Fine Art and Specie. With 26 years of industry experience, he has insured some of the ... View profile
  • Mark Bosshard Managing fine art coverage at both Lloyd’s and XL Catlin, Mark uses his 18 years of experience to help clients address risks and ov... View profile
  • Yannick Daucourt Yannick has been underwriting jewelers block business for more than 15 years. In the last 10 years he has also specialized in fine art an... View profile
  • Pascal Matthey Pascal is a sought-after risk assessment specialist with broad knowledge of supply chain security, including fire and security consultanc... View profile
  • Peter Meili Peter brings his personal passion as a contemporary art collector and his 17 years of insurance experience to his role as a senior underw... View profile
  • Peter Reeks Peter has been involved in the marine insurance market in Australia and New Zealand for 30 years and has specific expertise in heavi... View profile
  • David Scully David has traveled very extensively around the world reviewing art risks and building relationships with brokers and clients. He has help... View profile
  • Scott Sellick With 13 years of experience, Scott has expertise in jeweler’s block, cash in transit, fine art and general specie. View profile
  • Lesi Wong Combining his personal interest in Chinese art history with years of insurance experience, Lesi brings passion and skill to our fine art ... View profile

Contacts


This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, XL GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda, Brazil, China, Mexico, Switzerland, or written by XL Insurance Company SE are only available through non US-based brokers. The Insurance companies of XL Group plc are: Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Insurance Company of New York Inc., XL Insurance (Bermuda) Ltd, XL Insurance Company SE, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Seguros Brasil S.A. and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #1209 are managed by Catlin Underwriting Agencies Limited and supported by XL corporate capital. Additional important information regarding our business is provided on our Legal Notices page.