Hamtern Personal Lines has 3 options to choose from in terms of product providers. Our bespoke product through MUA Insurance Acceptances, a binder broker agreement with Discovery Insure allowing on line access to the Discovery platform, preferential service and where possible access to discounts on all 3 of their products. Finally a binder broker agreement with Old Mutual which also enables access to their high net product – Elite.

Hamtern Personal Lines focuses on the individual profile and associated lifestyle risks. In doing so various other products have been included in the Hamtern offering all of which can be accessed from our platform. Other products include

  • Fine Art

  • Kidnap and Ransom

  • Personal Accident

  • Medical Aid Gap

  • Small Craft

  • Travel Insurance

  • Domestic Personal Accident

  • Cyber Risk

Lombard Insurance briefly discuss the topic of travel and then somewhat more alarmingly touch on what has been in SA news at the moment Kidnap and Ransom.

State of Travel – Key Insights

  • Prediction of a slow and erratic trajectory for travel recovery over the coming year
  • Beaches, all-inclusive resorts, and vacation homes comprise most current bookings
  • Top 5 City Travel Destinations in 2021 were Dubai, Cancun, Istanbul, New York and Tokyo
  • Business travel will decrease, in 2022, virtual meetings could replace 27% of business travel

Held to Rand-some – Key Insights

  • South African police statistics show a 133 percent rise in kidnapping between 2011 and 2020.
  • In previous years, a large proportion of kidnap for ransom victims have been prominent members of the South Asian business community. However, recent incidents show kidnap gangs are looking at different avenues for extracting ransoms, and have, for example, targeted the children of wealthy individuals.
  • The economic downturn resulting from the Covid-19 pandemic has also prompted less sophisticated criminal groups to target less well-off victims for smaller pay-outs.
  • A final compounding element is the limited capacity of the South Africa Police Service to deter and effectively respond to kidnapping.
  • Earlier in 2021, the head of the SAPS kidnap unit was found to have extorted money from a kidnapping victim’s family.