Steamship Mutual - War Risk and Kidnap & Ransom

War Risk and Kidnap & Ransom

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.

Read in full our War Risk and K&R Covers brochure.

Click for War Risk and K&R Cover Application Form.

War Risk Rules 2017/2018

European Syndicate
		Rupert Harris - Director & Head of Reinsurance and European Underwriting T: +44 (0)20 7650 6644 M: +44 (0)7979 240 916 Rupert.Harris@simsl.com
		Ben Dyer - Director (Underwriting) T: +44 (0)20 7650 6476 M: +44 (0)7812 143 967 Ben.Dyer@simsl.com
		Sarah Chase - Syndicate Manager (Underwriting) T: +44 (0)20 7650 5490 M: +44 (0)7780 667 348 Sarah.Chase@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
		Edward Lee - Managing Director - Hong Kong Office T: +852 2838 2722 M: +852 90956120 Edward.Lee@simsl.com
		JS Kim - Director (Underwriting) T: +44 (0)20 7650 6496 M: +44 (0)7917 412 387 JS.Kim@simsl.com

Americas Syndicate
		Gary Field - Director & Head of Americas Underwriting T: +44 (0)20 7650 6498 M: +44 (0)7968 971 510 Gary.Field@simsl.com
		Rachael Simpson - Syndicate Manager (Underwriting) T: +44 (0)20 7650 6431 M: +44 (0)7831 784 052 Rachael.Simpson@simsl.com
War Risk and K&R home