Kidnap and Ransom Insurance from AIG UAE

We have been underwriting in this particular sector for over 30 years. We have more than 200 authorised underwriters across the business globally, including three in the UAE. We have the knowledge and experience to provide flexible solutions depending on the needs of the individual client. Plus, our local presence and expertise means we can make fast and effective decisions, which is critical to finding a swift resolution.

The Market

We are able to underwrite short-term policies covering a transit though the Indian Ocean for instance, to a policy covering a fleet of vessels on an annual basis.

Insured Events

Cover is provided for the following incidents:

  • Kidnapping or alleged kidnapping
  • Extortion
  • Detention
  • Hijacking

Cover Highlights

  • Ransom payment
  • Loss in-transit of ransom payment
  • Unlimited response consultants expenses
  • Additional expenses (e.g. travel, medical, PR, rest & rehabilitation)
  • Legal costs (e.g. legal advice)
  • Cost of fuel used by an insured vessel during an hijacking
  • Costs paid to port authorities for an unscheduled port call following an hijacking
  • Cost of conveying any ransom monies (including an airborne drop)
  • Costs of transporting and employing a replacement crew

Optional Cover

  • Death or dismemberment benefits arising from a covered incident
  • Loss of hire, loss of income during the vessel’s captivity