Primary and excess limits of up to $50M for corporate entities and high net worth families
Typically $1,000 per million
Primary or excess
Targeted Classes / Industries / Geographies
All; AIG is prepared to underwrite all industry types, large or small. This includes:
All; high-risk regions for kidnap and ransom include parts of Latin America, Africa, the Middle East, and Asia, but extortion often occurs in first world countries and security related incidents can occur anywhere. CrisiSolution is a global umbrella policy without unnecessary destination restrictions.
Two employees of an international construction company were abducted while returning to their work camp in Nigeria, despite the precaution of a police escort. The kidnappers demanded NGN100 million (USD 623K) for their release.
The head of a wealthy family in Mexico City received several calls demanding the disclosure of business details and a $1 million USD payment or the extortionists threatened to release information about the company and/or kidnap his eight year old daughter.
An international shipping company had one of its ships hijacked by Somali pirates off the coast of Yemen. The pirates demanded US$50 million to release the vessel.
Following an attempted coup, the U.S. State Department issued a Travel Advisory Warning recommending the evacuation of all non-essential foreign nationals. This impacted our insured, an NGO operating throughout the Middle East.