Ironshore expands kidnap and ransom cover to Latin America

Ironshore International Ltd., a unit of Hamilton, Bermuda-based insurer Ironshore Inc., has extended its kidnap and ransom insurance coverage to Latin America-based clients.

Already available to U.S.-based businesses, the kidnap and ransom insurance program, which protects against kidnap for ransom, extortion, hijacking and wrongful detention, offers limits of up to $25 million, an Ironshore spokeswoman said Wednesday.

The coverage includes event-related expenses such as ransom, loss of ransom in transit, personal accident, and legal and medical services, Ironshore said in a statement.

The program also includes insurance and professional services protection through Miami-based Hazelwood Street Consultants L.L.C., a global crisis management and personal security firm, according to the statement.

Inclusive risk management consultation advice and the support of an integrated psychiatric team is also available at no cost, Ironshore said.