kidnap and ransom Archives - Carrier Management

Property Insurance Industry ‘Feeling the Pressure’ from Cyber Risk, Advisen Panelists Say

Property underwriters are feeling the pressure as cyber has become an increasing source of risk within the property insurance industry, according to panelists at Advisen's 2017 Cyber Risk Insights ...

Companies Without Cyber Cover Relying on Kidnap Insurance to Recoup Ransomware Losses

Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world's political hotspots to recoup losses caused by ransomware viruses such as "WannaCry," ...

XL Catlin Introduces Kidnap, Ransom and Extortion Endorsement for General Aviation

XL Catlin is offering a kidnap, ransom and extortion (KRE) crisis endorsement available with its general aviation coverage. With liability limits up to $1 million, the new KRE endorsement includes ...

Hiscox USA Brings On New Chief Underwriting Officer

Hiscox has named a new chief underwriting officer for its fast-growing U.S. unit. Nicole Goodwin will be based in Hiscox USA's New York City office. She replaces Gary Head, who will head to London to ...

Ironshore Beefs Up Kidnap/Ransom Coverage For Latin America

Ironshore, soon to become part of Chinese conglomerate Fosun International, has beefed up its kidnap and ransom coverage for Latin America-based clients. The Bermuda specialty insurer is expanding ...