Allied World Offering Kidnapping Insurance
Bermuda based Allied World Assurance Company announced today that it has joined forces with global security firm red24, with the President saying that “Kidnap for ransom and extortion is one of the fastest growing areas of criminal activity throughout the world.
As part of Allied World’s new Kidnap, Ransom and Extortion coverage, security specialists red24 will offer insurance policyholders a broad range of proactive intelligence and security services, including web-based travel security information with daily news briefs sent each business day.
The red24 service model includes its state-of-the-art crisis management center, offering critical emergency assistance and immediate 24/7 access to its security response team, which is equipped to respond on both an advisory and a physical basis.
Allied World President Gordon Knight said:
Kidnap for ransom and extortion is one of the fastest growing areas of criminal activity throughout the world. For our policyholders, the most essential element of insurance coverage for these kinds of risks is prompt access to highly competent, experienced security professionals
Jack Cloonan, Head of Special Risks for red24, commented:
The red24 approach includes a 24/7 Crisis Response Center as well as a response consultant team comprised of highly trained security professionals with the skill set to respond quickly and effectively to a crisis. We are excited to be working with Allied World as an integral part of the expansion of their product and service portfolio.
red24 team members have been drawn from various fields, including the military, law enforcement and the intelligence services, and each has approximately 15 years of experience in crisis handling.
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