Our global team is skilled in advising on kidnap & ransom matters occurring in hostile territories around the world, including kidnapping, detention, extortion and hijack.
Our Kidnap & Ransom team provides focused coverage advice and litigation support for both on-land and marine K&R issues for events occurring in Central and South America, the Middle East and various African countries.
We have handled issues arising from criminal activity with fraudulently set-up or exaggerated claims; claims handling issues such as political interference with negotiations; group kidnappings involving insured and uninsured persons or unauthorised ransom drops, to frequent issues such as late notification or breach of confidentiality requirements. We also assist where insured persons commence legal proceeding in relation to a covered loss. Recently, we advised kidnap & ransom insurers on a South American extortion and kidnap claim in excess of USD 3 million with policy interpretation issues and late notification together with questions of non-disclosure of threats to a prior year.
We are consulted regularly on new wordings for new carriers or new endorsements such as political evacuation and provide sector specific regulatory support.