Kidnap and Ransom Insurance

Key Benefits

Access to the Crisis Consultants
Clients will have access to our specialist crisis prevention and response consultancy team NYA, with the following advantages;

• Guaranteed an immediate response in the event of a crisis.
• Largest independent response team in the industry.
• Over 20 years’ experience.
• Respond to an average of 80 - 100 incidents each year.

Financial Reimbursement

In the event of an incident, AIG will reimburse the following;

• Ransom and ransom lost in transit
• Legal Liability
• Personal accident benefits
• Additional expenses: (including but not limited to) travel, medical and security expenses

Covered incidents

AIG’s policy covers incidents that take place worldwide.

Covered incidents under our standard policy wording;

• Extortion - Payment demands following a threat to injure, kill or kidnap an insured person; damage property, contaminate products, divulge trade secrets or destroy electronic data by computer virus.
• Kidnap - A seizure or detention of an insured person for the purpose of demanding ransom monies.
• Hijack - the illegal holding under duress of an insured person while travelling.
• Detention - the holding under duress of an insured person for whatever reason other than kidnap.

Additional cover

AIG can extend to cover the following coverages via endorsement;

• Business Interruption
• Cyber extortion
• Disappearance
• Political Evacuation & repatriation
• Express Kidnap
• Hostage Crisis
• Threat
• Product Loss
• Assault

NYA International (NYA) is a specialist crisis prevention and response consultancy, which has been in operation since 1990, helping clients reduce their exposure to and manage incidents of kidnap for ransom, extortion, illegal detention, marine piracy, emergency evacuation, malicious product tampering and related global security problems.

In the event of an incident, AIG’s crisis consultants guarantee an immediate response, providing advice to the client’s crisis management team, or family, throughout the duration of the incident to help them manage it to a successful conclusion.

AIG retains the only response team of its kind that will deploy up to four consultants upon notification of an incident: two each to company headquarters and the incident location, providing AIG clients with maximum levels of support during the critical early stages of a crisis.