The ransom and extortion industry’s danger zone has expanded well beyond Central and South America, yet companies tend to downplay the importance of a kidnap & ransom insurance policy, according to a new report by Lockton. The report, authored by …
A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial ships, taking the shine off a fast-growing and lucrative market for London-based insurers. International navies have cracked down on pirates, …
Catlin Group Limited has formed partnerships with two specialist risk management consultancies to enhance its services to clients with hijack, kidnap, extortion and wrongful detention exposures. The Bermuda-based insurer and reinsurer began working with both Drum Cussac and Compass Risk …
Catlin Group Limited has formed a partnership with two specialist risk management consulting firms, which, it said, would “enhance the services it offers to clients with hijack, kidnap, extortion and wrongful detention exposures.” The partnership with Drum Cussac and Compass …
Aon Risk Solutions, the risk management business of Aon Corp., has issued its first in depth report analyzing the threat posed by pirates. It points out that with the end of the monsoon season pirate activity usually increases. It also …
When John Chase’s phone rings, he does not know whether he will be called to deal with a Somali pirate hijacking, a Latin American commercial kidnapping or an aid worker held hostage in Afghanistan. An 18-year veteran of the largely …
