The Hiscox Group, a provider of specialty insurance, has launched its kidnap and ransom product in the US market.
The company has also announced the appointment of two kidnap and ransom insurance experts. Lisa Zanotelli and Derek Rogers have joined Hiscox USA to develop and underwrite unique, stand-alone kidnap and ransom (K&R) insurance coverage. This will be written on an admitted basis through Hiscox USA’s two New York locations in Manhattan and Armonk.
Hiscox USA’s K&R insurance policy includes access to Control Risks, an independent, specialist risk consultancy.
Ms Zanotelli and Mr Rogers bring nearly 30 years of combined experience in K&R insurance and other security related concerns to Hiscox.
Ed Donnelly, president of Hiscox USA, said: We are very excited to welcome Lisa and Derek to our team and announce the launch of this K&R product that reflects the continued investment we’re making to provide our clients specialized insurance with premiere industry intelligence and service.