Chubb vs Relm Insurance 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.

Relm announced its own Kidnap and Ransom (K&R) insurance product, built in partnership with an unnamed third-party industry leader in personnel security and crisis response for the incident-response side of the offering. ⁸Company-reported. Company launch announcement; not a statement identifying the specific issuing insurer for a K&R placement.

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 reviewed announcement does not name the specific issuing insurer for K&R policies, only describing Relm as the specialty insurer launching the product and a named third-party partner for security response services. ⁸Not publicly disclosed. Launch announcement as read on 2026-09-23.

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.

Relm designed the K&R product specifically for individuals and organizations in the digital asset and cannabis sectors, citing crypto leaders being doxxed or publicly linked to token holdings, and cannabis operators handling large amounts of physical cash due to banking constraints, as the targeted exposures. ⁸Company-reported. Launch announcement 'Addressing a New Class of Risk' section; not a guarantee of eligibility for a particular individual or organization.

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.

Relm says the K&R product covers kidnap, extortion, threats, disappearance, express or virtual kidnap, malicious detention, hijack and hostage crises, and evacuation due to a credible threat. ⁸Company-reported. Launch announcement coverage list; the issued policy and declarations control.

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.

Not described in the reviewed sources.

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.

Relm says the product gives clients immediate access to a 24/7 operations center and a team of Security Response Directors with over 200 years of combined crisis experience across more than 1,600 incidents, strategically located in the US, Colombia, Mexico, the UK, France, Portugal, Nigeria and Spain. ⁸Company-reported. Launch announcement crisis-response description; provided through the named third-party security partner, not Relm directly.

Relm says the policy includes a 10% Risk Mitigation Allowance for pre-incident support such as training, security-awareness sessions, threat briefings and optional exposure reviews, plus 24/7 hotline access. ⁸Company-reported. Launch announcement 'Ensuring Pre-incident Readiness' section.

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.