Steamship Mutual - War Risk and Kidnap & Ransom

War Risk and Kidnap & Ransom

Read in full our War Risk and K&R Covers brochure.
Kidnap & Ransom Application Form
Hull War Risk Application Form
London War Risk Rules 2021/2022
Europe War Risk Rules 2021/2022
Additional Premium Areas

The Club can now offer its Members cover for Hull War and P&I War risks, including cover for piracy, and Kidnap & Ransom (K&R). These covers are offered to complement Members’ mutual P&I entries and provide streamlined service in the event of a piracy, seizure or war event.

Cover Highlights

Hull War and underlying P&I War:

•		On market equivalent terms and rates
•		Including loss of hire
•		Including increased value
•		Cover in breach areas at market comparable prices.

K&R:

•	Up to US$10 million per insured event
•	Loss of ransom in transit - up to US$10 million per insured event
•	Fees and expenses of consultants - unlimited per insured event
•	Additional expenses, including but not limited to:
	•	Fees and expenses of independent negotiator
	•	Fees and expenses of independent public relations consultant and/or interpreter
	•	Travel costs
	•	Crew wages
	•	Interest on loans raised to pay ransom
	•	Fees and expenses of security guards to protect crew after an insured event
	•	Cost of getting the ransom to the kidnappers
	•	Cyber Extortion extension cover ransom, expert fees and the costs of restoring data arising from a ransomware attack. Limits up to US$1 million available.

European Syndicate
		Rupert Harris - Chief Executive SSM Europe & Head of Reinsurance T: +44 (0)20 7650 6644 M: +44 (0)7979 240 916 Rupert.Harris@simsl.com
		Jerry Westmore - Director & Head of European Underwriting T: +44 (0)20 7650 6592 M: +44 (0)7836 587972 Jerry.Westmore@simsl.com
Eastern Syndicate
		Jonathan Andrews - Director & Head of Eastern Underwriting T: +44 (0)20 7650 6427 M: +44 (0)7785 280 233 Jonathan.Andrews@simsl.com
		Rohan Bray - Director - Hong Kong Office T: +852 2821 9401 M: +852 90357381 Rohan.Bray@simsl.com
		James Ingham - Director- Japan Office T: +81(0) 34510 2904 M:+81(0) 70 4037 6162 James.Ingham@simsl.com
		Jamie Taylor - CEO - Singapore Branch T: +65 6730 9331 M: +65 9452 1302 jamie.taylor@simsl.com
Americas Syndicate
		Gary Field - Head of Syndicate & Head of Underwriting T: +44 (0)20 7650 6498 M: +44 (0)7968 971 510 Gary.Field@simsl.com
		Sarah Chase - Director & Head of Americas Underwriting T: +44 (0)20 7650 5490 M: +44 (0)7780 667 348 Sarah.Chase@simsl.com
War Risk and K&R home