Security Risks Insurance Solutions

2021-03-10

A UNIQUE PARTNERSHIP

HXZA, alongside the Price Forbes Security Risk Practice, have partnered with AXA XL. This consortium offers clients cutting edge insurance coverage and world class advisory through HXZA’s best-of-breed pre-event, real-time and post-event crisis management services. With AXA XL’s unparalleled global footprint, Price Forbes’ dedicated experience in the insurance and security sector, and HXZA’s recognized track record serving some of Asia and the world’s largest companies, our team provides a unique solution to contemporary security and risk management challenges. We are supported by ICE Consulting Singapore who leverage decades of insurance expertise in the APAC region.

PREVENT, PROTECT, RECOVER

In today’s globalized commercial environment, threats to personal and corporate security are increasing in frequency and severity. Any security crisis or emergency is potentially catastrophic. Whether it is a missing or abducted employee, security threats made against an infrastructure project, or the need to immediately evacuate employees from a rapidly deteriorating political situation, client organizations must maintain provisions to ensure a swift, organized and expert response.

The economic and reputational impact of a security crisis can be crippling to any organization. Our specialist programs aim to eliminate financial exposure by reimbursing all monetary losses incurred both during and after the event, while providing policy holders with the best prevention and response tools from HXZA on a dedicated and 24/7 emergency basis.

AXA XL’s specialist Kidnap & Ransom insurance programs demonstrate duty of care and aim to pilot companies and individuals through these uncertain, dynamic, and dangerous events in a controlled manner, simultaneously reducing exposures and minimizing potential losses.

RESPONSE

In the event of an incident or emergency affecting insured clients, the policy holder will receive immediate and unlimited response guidance, assistance, and supplementary security and crisis management services from HXZA on a fully indemnified basis while benefitting from Price Forbes Security Risks Practice’s dedicated claims and technical insurance advice.

HXZA not only serves clients in minimizing losses and facilitating the possible release of the insured persons, but also provides full-scope risk management and pre- and post-loss consultancy. As AXA XL policy holders, insureds have access to designated HXZA crisis management consultants who speak their language and are intimately familiar with their activities, available to rapidly deploy to client and incident locations 365 days per year and always on call via a network of secured 24/hour emergency hotlines.

About HXZA

HXZA provides policy holders with an industry leading suite of integrated advisory, risk mitigation, and crisis management solutions customized for each client’s unique operations and exposures; delivered in a sleek, culturally sensitive, and proven effective package.

The solutions provided by HXZA are designed to circumvent risks, minimize exposures, mitigate threats, and facilitate controlled responses to security events, producing positive outcomes for insureds and enhancing corporate resilience.

HXZA’s capability is derived from the company’s global operating footprint and combined experience of its crisis management consultants – including security and intelligence professionals, and retired senior military, law enforcement, and consular officers with years of experience working in hostage crisis management teams and leading private security companies. Since 2010, HXZA consultants have been involved in deterring, preventing, responding to, and resolving the most challenging crisis situations, including maritime piracy, kidnapping and siege, political evacuation, and more, while providing protective security solutions to elite and household-name clients around the world.

With consultants and assets strategically positioned across the globe to meet client exposures, HXZA is ready to deploy assistance and intervene quickly whenever and wherever an insured event occurs to facilitate prompt resolution and positive outcomes for AXA XL policy holders.

About Price Forbes Security Risks Practice

Price Forbes is an independent specialist global wholesale insurance broker with offices in Hong Kong, Bermuda, Brussels, Chile, Dubai, London, Malaysia and South Africa.

We provide specialist insurance and risk advisory services, focusing on crisis and security events. Enabling our clients to PREVENT losses, PROTECT people and assets, and RECOVER from crises.

Price Forbes has over eleven successive years of growth, placing risks insurance for large national corporations, SMEs and start-ups, and in particular, non-standard risks for large multinational companies. PF team of experts works closely with clients ensuring they are aligned with the best markets, people and products available to achieve the right solution.

About AXA XL

AXA XL is the P&C and specialty risk division of AXA, known for solving even the most complex risks. From mid-sized companies to the world’s largest multinationals, we offer traditional and innovative insurance solutions and services in over 200 countries and territories.

AXA XL is one of the world’s leading providers of Security Risks Insurance including kidnap, wrongful detention, disappearance, threat, maritime piracy, hijack, extortion, hostage crisis, and emergency evacuation.