If a hijacking or extortion occurs on the high seas, it is called piracy. Here, the focus of the attackers is predominantly on the mooring of your ship and the kidnapping of your crew. We support you in this situation with an insurance solution specially developed for hijacking and extortion on the high seas. In doing so, we keep an eye on all the measures that the scenario requires. This includes observing the different legal situations on the high seas as well as the international business activities of your company.
If your crew is kidnapped, our experienced crisis managers and an international network of partners will support you. Negotiation strategies are defined, taking into account cultural and local conditions. Furthermore, we ensure your liquidity in case of a possible ransom payment. The seizure of ships and the hijacking of your crew also leads to further economic damage such as lost wages for shipowners or stolen bunkers. Their financial equivalent is fully compensated by our ransom and extortion insurance.