PRINCETON, N.J.--(BUSINESS WIRE)--AXIS Global Accident & Health, a division of AXIS Capital Holdings Limited (NYSE: AXS), announced today that its operating entities have entered into a global service agreement with red24, a leading international risk management solutions provider. Through this agreement, AXIS Global Accident & Health will offer red24’s domestic and international emergency, kidnap consultancy and security services alongside its worldwide accident and health insurance products, including business travel accident insurance.
“From large scale national emergencies to personal travel safety issues, red24 services are an invaluable product offering that will now be available to our policyholders and the individuals they cover,” said James Hamilton, CEO of AXIS Global Accident & Health’s North American Insurance Operations. “Making this tailored service available, coupled with our existing comprehensive solutions, provides a stronger, more flexible product portfolio to better meet our customers’ prevention and protection needs in the marketplace.”
Emergency security consulting services from red24 include 24/7 on call and online advice and assistance for travelers, featuring in-depth country reports and safety advice, as well pre-trip destination briefings, and key travel checklist services and information.
“We’re excited about the opportunities for red24 to help us better manage safety and to respond to emergencies such as those we saw earlier this year in Japan,” noted Giles Allen, Senior Vice President of AXIS Global Accident & Health’s International Insurance Operations. “With red24 tracking security-related developments around the world, travelers are better prepared to reduce their destination risks.”
Services provided by red24 also include access to a skilled team of global kidnap and security specialists on hand in key locations worldwide, who can provide detailed information to assist travelers in making accurate decisions regarding domestic and worldwide affairs that may affect business at home or abroad, as well as on-the-ground response and evacuation options of those whose safety may be at risk.
About AXIS Global Accident & Health
AXIS Global Accident & Health offers accident and health insurance and reinsurance cover for employers, affinity groups, financial institutions and other customers through insurance carriers, managing general underwriters, brokers, third party administrators, and other key distributors. AXIS Global Accident & Health has a significant capacity for underwriting global reinsurance risks for accident and health insurance carriers. The division has key offices in Princeton, New Jersey; Chicago, Illinois; St. Paul, Minnesota; London, England; Barcelona, Spain; and Dublin, Ireland.
AXIS Global Accident & Health offers a fresh, modern alternative to traditional insurance carriers. Our disciplined and innovative product development process delivers customized, flexible accident and health products to the global market. AXIS Global Accident & Health continually explores opportunities for strategic partnerships and growth. For more information, please visit www.AXISaccidenthealth.com.
About AXIS Capital Holdings Limited
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity at December 31, 2010 of $5.6 billion and locations in Bermuda, the United States, Europe, Singapore, Canada and Australia. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A” (“Excellent”) by A.M. Best. AXIS Capital and AXIS Specialty Finance LLC have been assigned senior unsecured debt ratings of A- (stable) by Standard & Poor’s and Baa1 (stable) by Moody’s Investors Service. For more information about AXIS Capital, visit our website at www.axiscapital.com.
About red24
red24, leading providers of global risk management solutions, are experts in kidnap, security, intelligence, high-level threats and protecting employees abroad. Staffed by former senior military and police personnel, they offer expert and informed advice, 24 hours a day, 365 days a year. red24’s product offerings range from providing advisory information on business travel destinations to deploying on-the-ground teams in response to a high-level threat, including kidnappings for ransom. Find out more at www.red24.com.