https://completemarkets.com/company/schinnerer/Kidnap-and-Ransom-Insurance/
Overview of Victor O. Schinnerer & Company, Inc. — Kidnap, Ransom & Extortion Insurance
Victor O. Schinnerer & Company, Inc. offers a specialized Kidnap, Ransom & Extortion (KRE) program designed for companies, organizations and high net-worth individuals and families. As a managing general underwriter working with carriers including Great American and Hiscox, Schinnerer places standalone KRE policies and endorsements that combine broad worldwide coverage with rapid crisis response services.
Ideal Accounts and Appetite
This program is a fit for insureds who face kidnap, ransom, extortion or related political violence exposures, including:
Multinational corporations with traveling executives, field staff or contractors
Companies operating in higher-risk countries (energy, mining, construction, infrastructure)
Nonprofits and educational institutions with international operations or personnel travel
High net-worth individuals, families and principals who travel frequently or have elevated risk profiles
Maritime and shipping operations vulnerable to hijacking and ransom events
Accounts with established security protocols, pre-travel risk assessments and a willingness to coordinate with incident response teams typically underwrite favorably. The program has limited appetite for accounts with ongoing unresolved threats, operations solely in active war zones, or exposures involving sanctioned entities.
Coverage Highlights and Advantages
No retention or deductible on covered claims
Coverage limits up to $65,000,000
Unlimited crisis response fees to secure specialist consultants, negotiators and other emergency services
Annual and multi-year policy options
Broad worldwide territory—designed to respond wherever an incident occurs (subject to underwriting and local compliance)
Placement access via reputable carriers (Great American, Hiscox) through Schinnerer’s MGA platform
Underwriting Notes and Submission Requirements
Underwriters will evaluate travel patterns, security protocols, prior claims history, employee training and destination-specific exposures. Common submission items include:
Completed KRE application
Travel and operations summary (locations, frequency, duration)
Existing security measures and crisis management plans
Loss history and any active threats or prior incidents
Because this is a high-specialty line, Schinnerer pairs underwriting with crisis management partners to ensure rapid response—an important differentiator when speed and coordination matter.
Territories and Availability
States available: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY. The program is positioned for placement in most available states; specific admitted status and form availability can vary by carrier and state—confirm with underwriting at submission.
Why Work With Victor O. Schinnerer & Company, Inc. on KRE Business
As an experienced managing general underwriter, Schinnerer offers access to admitted and non-admitted markets, specialized underwriting expertise, and direct placement relationships with carriers experienced in kidnap and extortion risks. Agents benefit from coordinated crisis response capabilities, flexible term options, and capacity for large limits.
Example Account Scenarios
- You might have a manufacturing client with service technicians traveling monthly to remote sites in higher-risk countries; this program can cover ransom and response costs and provide an incident response team if needed.
- You might place a high net-worth family that travels internationally and wants dedicated coverage for kidnap and extortion exposures with no deductible and access to crisis consultants.
Frequently Asked Questions
What types of accounts are a good fit for this program?Companies with employees who travel or work in higher-risk regions, organizations with international operations, and high net-worth individuals and families are primary targets. Favorable accounts have formal security protocols and a willingness to use pre-approved crisis response partners.
Which states and territories are covered?The program is available in most U.S. states (see the program’s listed states). Admitted form availability and specific state filing status depend on the carrier—confirm with Schinnerer underwriting when you submit a risk.
Are crisis response fees covered?Yes. This program includes unlimited crisis response fees to engage negotiators, security consultants and other specialists as needed, subject to policy terms and underwriting approval.
What limits and policy terms are available?Limits are available up to $65 million. Policies can be written on annual or multi-year terms; the appropriate limit and term are determined based on the account’s exposure and underwriting review.
What information should I include with a submission?Provide a completed KRE application, travel and operations summary, existing security measures, and any loss history or active threats. Including a crisis management plan speeds underwriting and placement.
Need help placing an account? Connect with a market specialist.