Axa XL adds hostage and assault bonus cover

  • Axa XL has boosted its pollution insurance for real estate businesses and portfolios (File photograph)

    Axa XL has boosted its pollution insurance for real estate businesses and portfolios (File photograph)


Hostage and assault crisis response coverage has been added as a complimentary bonus for clients who have Axa XL’s pollution insurance for real estate businesses and portfolios.

The company said that by tapping into its crisis management expertise it has been able to add the response coverage as “value-added protection”.

“The possibility of a hostage or assault situation occurring on their premises might not have been a consideration for our property owner and manager clients in the past,” Denise Balen, head of US security risks for Axa XL, said.

“However, given recent events we see all too often, the issue has taken on new importance and raised concerns. The added Hostage Crisis and Assault endorsement gives these clients immediate access to crisis management response services and financial assistance to help mitigate damages.”

The endorsement includes coverage for a hostage or assault incident, including potential ransom delivery, extra expenses incurred as a result of the incident, legal liability and consultant services.

Matt O’Malley, president of Axa XL’s North America environmental business, said: “Our added hostage/assault response coverage gives our real estate clients added piece of mind that should an incident occur, they have the insurance coverage and added crisis management resources to address it quickly with minimal harm to occupants, their facilities and their reputation.”

You must be registered or signed-in to post comment or to vote.

Published Apr 17, 2019 at 8:00 am (Updated Apr 16, 2019 at 7:13 pm)

Axa XL adds hostage and assault bonus cover

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "Confidence that Bermuda will be removed from the EU blacklist after May 17 meetings?"
    • Confident
    • 35%
    • Not confident
    • 56%
    • Indifferent
    • 9%
    • Total Votes: 3167
    • Poll Archive

    Today's Obituaries

    eMoo Posts