Kidnap-for-ransom situations have commonly been known to occur in areas of political strife and poor law enforcement. Africa in particular has, in recent surveys, accounted for approximately a quarter of global kidnappings with Nigeria, Kenya, Libya and Mozambique being most significantly affected. Whilst most victims in the past were wealthy local businessmen and their dependants, foreign nationals have also been targeted and, with the progressive rise of the global economy, continue to be targeted. In addition, the factions perpetrating these crimes are moving across borders into neighbouring countries sometimes partnering with criminal elements in countries further afield to achieve their financially or politically motivated aims.
In order to provide corporate entities with critical guidance and financial assistance in managing kidnap-for-ransom and extortion events, SHA presents its Corporate Protection Insurance, a bespoke insurance product with the main purpose of providing Insured parties with the expert crisis management services of Control Risks in order to minimise the negative effects of these difficult situations.
The Control Risks’ response team has unparalleled experience and expertise in resolving cases of kidnap-for-ransom, piracy, extortion, threat and illegal detention. Since its formation in 1975 Control Risks has established 27 offices on five continents and has worked in 123 countries on the resolution of over 2 340 cases in managing strategic and operational risks associated with these events.
Emergency Political Repatriation and Relocation of an Insured Person
Expenses due to an Express Kidnap
Expenses due to an Investigation following a Disappearance
Expenses incurred due to a Threat
Expenses due to Products Extortion (as defined in Policy)
Loss of Earnings due to Cyber Extortion (as defined in Policy)Loss of Earnings due to Extortion or Contingent Extortion Loss of Earnings due to an Insured Event (including Contingent Extortion)
For a list of the team who specialise in this area click here
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