J B Boda & Co (S) Pte Ltd, Singapore is a leading reinsurance broker providing specialty covers tailored to suit our client’s requirements. We arrange customized cover placements for risks of Sabotage & Terrorism as well as of Kidnap & Ransom / Hijacking / Seizure. Our team of brokers is highly specialised and knowledgeable, having placed many of such specialty covers in various territories in Asia. We work with “A” rated security in both the London and Singapore markets who offer these specialised solutions and with whom we have built a strong rapport.
Sabotage & Terrorism
On Stand-alone basis Or In conjunction with Property or related covers
Cover placements are based on standard market wordings, including
- LPO 437 / LMA 3092
- LMA 3030
- Political Violence
The cover typically affords our client’s protection against loss or damage arising out of a defined Act of Terrorism or Sabotage with extensions to the cover being provided on a “needs” basis. As such, cover is designed to align with each client’s specific requirements. Such covers are available for all types of risks, ranging from Commercial and Industrial Property to Engineering and Marine risks.
Kidnap & Ransom
For Marine: Ships’/Vessels’ crew especially traversing known high-risk areas
For Non-Marine:
- Personnel travelling to / stationed at high risk areas for work
- High networth individuals & family members
- Key corporate personnel
Cover afforded includes (but is not limited) to the following:-
- Ransom paid following an event
- Loss of ransom whilst in transit
- Hijack / Seizure, Wrongful Detention
- Death or Dismemberment
- Legal Liability
- Response Consultants / negotiators’ expenses