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XL Catlin’s insurance operations announced it has extended its partnership with S-RM, the London-based specialist risk and business intelligence consultancy, effective Jan. 1, 2017.

S-RM becomes XL Catlin’s provider of choice for delivering kidnap response services to XL Catlin’s kidnap & ransom policyholders, worldwide.

The company has put together a team, dedicated to XL Catlin, of 18 highly experienced professionals across the world, qualified to help prevent and respond to kidnap & ransom incidents as well as crises such as political evacuation, maritime piracy, active assailant attacks and workplace violence, XL Catlin said in a statement.

XL Catlin’s clients will have access to advisory services designed to help prevent and respond to kidnap, ransom or extortion events, the company said, noting that S-RM’s services include access to its Global Security Insight platform which provides information on political and security risks.

“S-RM has been an integral part of XL Catlin’s crisis management insurance solutions since 2013,” said Charlie Matheson, global head of Kidnap & Ransom at XL Catlin.

“They are a highly sophisticated intelligence company with superb client servicing and a stellar reputation; we are proud to count them as a key partner. Their leading threat mapping, country risk reporting and crisis management services provide real value to our clients,” he added.

S-RM’s global footprint enables them “to support our clients across the globe and the breadth of crisis management services they offer, from kidnap and ransom prevention training to cyber security planning, sets them apart in the market.”

XL Catlin provides brokers and their clients a suite of solutions including kidnap & ransom, war, terrorism and political violence, product recall and event cancellation.

Source: XL Catlin

Topics Mergers & Acquisitions AXA XL