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There are good reasons to consider Kidnap and Ransom insurance from AIG

Making the most of growth opportunities

Businesses are investing in, and working with, new and emerging markets all the time. The Middle East and Africa are experiencing unprecedented expansion and growth. Latin America is becoming more established as a trading partner, whilst China and the Far East build on strong trading reputations. As the footprint of business expands, so does the footprint of the cover we provide.

Worldwide cover with no restrictions

We understand that businesses are located and transact globally. People are travelling more frequently for both business and pleasure. AIG provides a global form offering consistent and compliant cover, wherever the client operates from. Our policy is an umbrella policy, so we don’t add unnecessary restrictions into our wording so the destinations your employees travel to are covered.

Duty of care

Each company has a duty of care to all of its employees – not just expatriates but those who travel, their local nationals, sub-contractors, and even their families.
Organisations need to demonstrate they have taken all practicable steps to meet their employees’ health, safety, security and wellbeing needs. Kidnap and ransom risk assessments and appropriate cover can be a key part of this strategy.

Expert assistance in a crisis

The response received in a crisis is critical. Our prevention and response services are provided by NYA International, a world leading specialist crisis response consultancy.
NYA has the largest global specialist response team in the industry. The company responds to around 80-100 cases of kidnap for ransom, extortion, detention, piracy, emergency evacuation and related security incidents globally each year.

Watch our movie to understand AIG's Crisis Solutions through 5 key points.

Who is it for?

Kidnap and ransom insurance should be considered by any company whose employees travel for business purposes, whether this is includes noted ‘hotspots’ or not. Employees working for foreign companies but based in their country of origin can also be at particular risk.

AIG is prepared to underwrite all industry types, large or small. Our clients are drawn from all areas:

  • The aviation industry
  • Oil and gas
  • Energy and mining
  • Construction and engineering industries
  • Multinationals
  • Pharmaceuticals
  • Maritime

We will also consider charities, NGOs and other similar organisations

What is covered?

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 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
  • Tiger kidnap

About NYA International

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.

AIG’ Maritime Piracy Insurance not only protects against financial losses but also makes available the specialist services of a leading crisis management and security consultancy. As well as responding to support policyholders facing a piracy incident, NYA provide end-to-end solutions combining technology with proven subject matter expertise, aimed at reducing potential risks.

Features & Benefits

  • Ransom reimbursement
  • Ransom lost in transit reimbursement
  • Response consultants fees
  • Legal costs
  • Other expenses

Real Life Case Study

Our insured is an international shipping company. One of its ships was hijacked by Somali pirates off the coast of Yemen.

Approximately 12 pirates boarded the ship and held the crew of 15 at gunpoint. The pirates demanded $50M to release the vessel. The insured contacted the AIG crisis centre hotline and NYA deployed immediately to the insured’s corporate offices. After several months of negotiations, the pirates agreed to release the vessel in exchange for a $9.5M ransom payment.

The insured’s AIG policy had a $5M ransom limit, which we paid to the insured. AIG also reimbursed the client for an additional $2.75M in additional covered expenses, which included the insured’s travel costs, interest on loans raised for payment of ransom by the insured, the crew’s wages, the crew’s medical and rehabilitation costs, costs of conveying the ransom and the insured’s legal counsel.