Chubb vs Gallagher Kidnap and Ransom Insurance

Chubb underwrites Kidnap, Ransom & Extortion insurance as one of seven coverage parts within its ForeFront Portfolio for privately owned companies, not-for-profit organizations and healthcare organizations, covering the organization and employees' families worldwide. ⁴Company-reported. ForeFront Portfolio Kidnap, Ransom & Extortion product sheet.

Gallagher's Executive and Financial Risk practice places kidnap, ransom and extortion coverage with outside carriers; it does not underwrite the policy. ⁸Company-reported. Group-level executive-and-financial-risk practice page.

Chubb's Kidnap, Ransom & Extortion product sheet states that insurance is provided by Federal Insurance Company and its U.S.-based Chubb underwriting company affiliates. ⁴Company-reported. Product sheet insurer-disclosure footer; product and jurisdiction can still change which Chubb affiliate issues a given policy.

The executive-and-financial-risk page does not name the insurer that would issue a given client's kidnap and ransom policy. ⁸Not publicly disclosed. Checked the group-level executive-and-financial-risk practice page.

Chubb says the policy applies to company travel as well as personal and pleasure travel, covering all employees and their immediate families, and that coverage is not limited to companies that travel internationally. ⁴Company-reported. Misconception/Reality section of the product sheet.

Gallagher describes kidnap, ransom and extortion coverage as relevant to companies whose executives, employees or families travel or work in higher-risk settings, and separately says it is "a must for all companies," without naming a specific industry or size limit. ⁸Company-reported. Group-level executive-and-financial-risk practice page.

Chubb lists coverage for extortion threats against company assets, reimbursement of ransom or extortion payments, and expenses from hijackings, wrongful detentions and political threats. It says the base policy excludes no specific territories or countries. ⁴Company-reported. Coverage Highlights list; subject to the policy as issued.

Gallagher describes this coverage as protecting executives, employees and their families whose work and travel expose them to kidnapping and extortion risk, and says it can also secure ransomware coverage. ⁸Company-reported. Group-level executive-and-financial-risk practice page; a service description, not a specific policy's insuring agreement or exclusions.

The reviewed product sheet illustrates claim scenarios (for example a $250,000 ransom payment plus $40,000 in consulting expenses in one scenario) but does not publish specific policy limits or retentions. ⁴Not found in reviewed sources. Claim Scenarios section; illustrative examples, not policy terms.

The page does not publish specific kidnap and ransom limits or premium ranges. ⁸Not publicly disclosed. Checked the group-level executive-and-financial-risk practice page.

Chubb says the policy provides a guaranteed response from The Ackerman Group, LLC, a crisis management firm, including hostage-recovery negotiation, 24-hour availability and worldwide deployment, plus complimentary access to RISKNET country-security analysis, training-seminar premium credits up to 10% of the coverage premium, and unlimited telephone consulting. ⁴Company-reported. Loss Prevention section; company-described service program tied to the Ackerman Group relationship.

Gallagher says the coverage it arranges includes access to highly trained rescue and security personnel, and that it analyzes both the policy terms and a carrier's response-team capability when placing this line. ⁸Company-reported. Group-level executive-and-financial-risk practice page.

Kidnap, Ransom & Extortion coverage is placed as part of the ForeFront Portfolio through an appointed agent or broker. ⁵Company-reported. ForeFront Portfolio hub page describes Marketplace quoting for the portfolio generally.

Not described in the reviewed sources.