Risk-Can Underwriting Managers

The global maritime watchdog recently reported that marine kidnappings reached a ten year high in 2016, seeing a threefold increase on the previous year. Across multiple shipping channels, marine piracy continues to be an issue and the increase in crew kidnappings for ransom is a particularly worrying trend. That’s why we’ve designed a marine kidnap and ransom product for single vessels or fleets, specifically addressing the key piracy exposures faced by the maritime industry.

Coverage Highlights:

  • Extended Personal Accident Benefit
  • Ransom in Transit
  • Additional Expenses
  • Loss of Hire
  • Legal Liability
  • 24/7 Access to Expert Response Consultants

Who's if for?

  • Ship Owners
  • Ship Managers
  • Charterers of Vessels
  • Yacht Owners