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• Kidnap and Ransom

• Broker
  • Professional and Financial Lines
    • Professional Indemnity
    • Financial Institutions
    • Commercial Financial Liability
      • Commercial Crime
      • Directors and Officers Liability
      • Kidnap and Ransom
      • Pension Trustees Liability
      • Public Offering of Securities Insurance
    • Product Leadership
    • Quality Assurance
    • Claims
    • Lloyd's Box Attendance
    • Broker Resource
    • Contacts

Kidnap and Ransom

The threat of kidnap, extortion or illegal detention is very real in today’s world. Any business would acknowledge the financial impact such events can have upon the performance of a company.

At QBE, we recognise the need to provide more than just market-leading insurance cover, understanding even the most flexible and expert underwriting must exist within a comprehensive programme that incorporates practical advice and support on the ground to ensure your client is always in the safest possible hands.

Specialist Underwriting

All of our underwriting is carried out by one central team based in London, coordinated by an experienced underwriter with extensive knowledge of this specialist market. By working closely with you, the broker, we aim to develop a bespoke solution matching our in-depth knowledge of the market with the individual needs of
your client.

At every stage of the relationship we encourage a can do spirit. With the option of utilising either Lloyd’s, where we are one of the largest managing agents, or company paper our underwriters are empowered to make a decision at a local level without the need to refer upwards. Ultimately you benefit from quicker decision making and faster solutions.

Advice and assistance

Our deep understanding of this specialist market means we are more responsive to the client’s needs and able to deliver advice and assistance throughout every stage. As well as market-leading insurance protection, we can offer expert practical advice and assistance through our partners red24.

With over 50 years experience, and responding to over 200 kidnap for ransom cases, red24’s Kidnap for Ransom and Extortion (KRE) team brings hands on experience when assisting clients in high risk environments.  In the event of an emergency, a QBE policy holder will have access to red24’s KRE services 24 hours a day, 7 days a week where they will be given expert support and advice from our security team.  red24 are a global company able to operate worldwide, and our KRE consultants are strategically based across the world to ensure an effective response in the event of a kidnapping.

Key Features

Whilst the nature of this product means that one size can never fit all circumstances, our entrepreneurial approach means we are always looking for solutions to business risks. As standard we offer protection against the following risks

• Kidnap
• Hijack
• Extortion (property damage threat and physical threat)
• Wrongful detention
• Personal accident (following insured event)
• Crisis management consultants costs
• Legal liability
• Ransom in transit coverage

QBE can offer a broad selection of endorsements to coverage, please contact us to find out more.

Documentation
	Kidnap and Ransom - briefing note for brokers

Key Contacts