Saint Paul, Minn., May 9 2007 – Travelers (NYSE:TRV) today announced the availability of crisis management support to kidnap and ransom policyholders around the world through ASI Global, LLC, a wholly owned subsidiary of ASI Group, LP, a leading independent risk consulting organization that provides intelligence and security services to Fortune 500 and international companies, government agencies, humanitarian organizations, high profile executives, celebrities and high-net worth individuals.
For more than 25 years, Travelers has offered kidnap and ransom (K&R) coverage to individuals, businesses and organizations worldwide. Coverage protects against the threat of kidnap, extortion, illegal detention and hijacking incidents. The policy includes immediate access to crisis management services when an incident occurs.
“We recognize that our clients need immediate professional advice, support and guidance in this type of crisis situation,” said Martin Hudson, CEO of the company’s International operations. “With the global experience of the ASI team, our clients will benefit from our full package of financial support and expert guidance on how to bring an extremely difficult matter to a satisfactory conclusion.”
Although many incidents go unreported, it is estimated that at least 50,000 people are kidnapped each year. However, evidence suggests that in situations when the advice of crisis management specialists was available, the victim was released safely in 90 percent of cases. Many ASI response team members have more than 15 years of experience and together they have conducted more than 300 cases on six continents. The team members are geographically located so they have a greater understanding of the demographics, culture and complexities of K&R incidents in a specific country or region.
“ASI Global is excited to work with one of the world’s leading providers of K&R insurance,” said Tim Maystrik, CEO of ASI Global. “Policyholders will not only benefit from the experience of our response team but also from our proactive approach to safety and security.”
Through the affiliation with ASI Global, Travelers policyholders will have free online access to ASI Essentials, a 24/7 travel security Web site. This intelligence database contains risk mitigation information for major cities around the world. In addition, policyholders can sign up to receive HOT SPOTS, a free electronic daily intelligence briefing of world events. Both tools are designed to help organizations conduct business safely in an unfamiliar environment.
About ASI Global
ASI Global, LLC provides a variety of risk management services geared toward preventing and responding to events related to kidnap and ransom, illegal detentions and extortion. These services include consulting, training, investigations and evacuation management. ASI Global has an exclusive relationship with Travelers to provide emergency response services to its insured clients on a worldwide basis. Risk mitigation and response services are also available to non-policyholders on a contractual basis.
ASI Global is a wholly owned subsidiary of ASI Group, LP, a leading provider of intelligence and security services to Fortune 500 and multinational corporations, government agencies, humanitarian organizations, high profile executives, celebrities and high-net worth individuals.
For more information on ASI Global, visit http://www.asiglobalresponse.com.
Travelers understands that life and business are inherently dynamic and that the best way to serve agents and policyholders is to deliver insurance that evolves to stay in-synch with life and business as they change. For more information on being in-synch, visit www.travelers.com.
The Travelers Companies, Inc. (NYSE:TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company’s diverse business lines offer its global customers a wide range of coverage in both the personal and commercial settings, including automobile, homeowners, construction, small business, oil and gas, ocean marine, bond and financial products, global technology and public sector services. Travelers is a Fortune 100 company, with 2006 revenues of $25.09 billion and total assets of $113.76 billion. The company has approximately 33,000 employees.Tags: Capgemini, Efma, InsurTech, World Insurance Report