Relm Insurance vs Travelers Kidnap and Ransom Insurance

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. ³Company-reported. Company launch announcement; not a statement identifying the specific issuing insurer for a K&R placement.

Travelers offers kidnap and ransom coverage as one line within its Global Companion Plus+ package for technology and life-sciences companies with international exposure, and also lists it as a standalone product on its Management & Professional Liability catalogue page. ^7,8Company-reported. Global Companion Plus+ "Robust suite of insurance coverages" section and Management & Professional Liability product list.

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. ³Not publicly disclosed. Launch announcement as read on 2026-09-23.

Not described in the reviewed sources.

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. ³Company-reported. Launch announcement 'Addressing a New Class of Risk' section; not a guarantee of eligibility for a particular individual or organization.

As part of Global Companion Plus+, kidnap and ransom coverage is aimed at U.S.-based technology and life-sciences companies with employees who travel internationally or operations abroad; the U.S. version of the package is non-admitted, meaning it is not equivalent to a locally admitted policy in every country. ⁷Company-reported. Global Companion Plus+ page "Who is Global Companion Plus+ right for?" and "Coordinated domestic policy gap coverage" sections.

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. ³Company-reported. Launch announcement coverage list; the issued policy and declarations control.

Travelers says kidnap and ransom coverage typically pays kidnappers or extortionists, covers loss of ransom in transit, and reimburses other expenses incurred as a result of a kidnapping. ⁸Company-reported. Management & Professional Liability Insurance page, kidnap and ransom entry; exact terms and exclusions are set by the issued policy.

Not described in the reviewed sources.

Neither reviewed page publishes limits, retentions or premiums for kidnap and ransom coverage; amounts would appear on a quote. ^7,8Not found in reviewed sources. Global Companion Plus+ and Management & Professional Liability pages as read on 2026-09-23.

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. ³Company-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. ³Company-reported. Launch announcement 'Ensuring Pre-incident Readiness' section.

Travelers says Global Companion Plus+ policyholders get access to its International Network of Insurance, a network of local carriers in over 150 countries, plus global executive support services offering medical, personal and travel assistance for employees traveling overseas. ⁷Company-reported. Global Companion Plus+ page "Extensive international network of partners" and "Global executive support services" sections.

Not described in the reviewed sources.

Kidnap and ransom coverage is bought through a Travelers independent agent or Travelers representative. ⁷Company-reported. Global Companion Plus+ page "Consult your insurance agent today" section.