Hull & Energy
Kidnap & Ransom
In response to the situation in the Indian Ocean the market for Marine K&R has developed very quickly. With ransoms now surpassing $10m in some instances and vessels being held for up to six months at a time it is essential that our clients are protected against the associated financial risks. Equally important is the Response and Risk Management in the event of an unwanted incident, including the image of the shipowner’s company potentially being thrust into the news arena. Whilst the best option is to be prepared for voyages in the dangerous seas of the world by implementing an adequate deterrent, it is always good to know that the backup plan is in place.
Land based Kidnap & Ransom for corporate clients and individuals is now a long established market. Whether at risk on a personal level or through working in a commercially or politically sensitive position, clients can be at risk due to their wealth or sensitive work becoming known to criminals.