Castel Kidnap and Ransom
Castel Kidnap and Ransom, provides insurance solutions for niche marine and land risks.
Established at Castel in 2022 with a lead underwriter who has over 30 years’ experience in underwriting a broad spectrum of Personal Accident and Travel Insurances, and with an in-depth understanding of Kidnap and Ransom Insurance, Castel Kidnap and Ransom is able to underwrite risks across a wide range of occupations in multiple territories.
Range of Coverage:
The policy will provide the insured with unlimited preferential access to one of the world’s leading crisis response companies to manage the incident.
Both stand-alone and combined products covering Kidnap and Ransom, Personal Accident and Business Travel can be offered.
Worldwide land coverage is offered and worldwide marine coverage with pre-agreed breach rates in the high risk areas of the Gulf of Guinea, Gulf of Aden and Indian Ocean is offered.
Castel Kidnap and Ransom coverage includes:
- The Ransom
- Unlimited Response Costs
- Loss of Ransom in Transit
- Additional Expenses
- Legal Liability
- Loss of Hire
- Personal Accident
- Accident and Illness out of country medical expense
- Kidnap and Extortion
- Wrongful Detention
- Hijack and Hostage Crisis
- Disappearance Investigation
- Single Trips or Annual Policies (Marine K&R only)
All capacity providers are at least A rated.
Policy limits of up to USD 10,000,000, higher cover available on request.
Get in touch today to discuss your Kidnap and Ransom Insurance requirements