ABSTRACT
Paradoxically, Britain, where kidnapping is rare, has been a pioneer in kidnap insurance, prevention, and negotiation, largely due to the experience of Lloyd's of London in underwriting every kind of risk worldwide. The premium income of Lloyd's for kidnap insurance has grown from $150,000 in 1970 to $50 million in 1976. As with fire risks, with kidnap risks Lloyd's found that it saved money both for the underwriters and their clients if they sent specialist consultants to advise on reducing the risk and, in the event of a kidnap, to advise on negotiation. A firm at Lloyd's founded such a consultancy (Control Risks Ltd.) which has now expanded to meet a rising demand, not only from insured clients, but also from an increasing number of uninsured clients who engage them on a consultancy fee basis. This article examines the growing attractiveness of kidnapping as a high-yield low-risk crime (whether for political dividends or criminal gain); describes how kidnaps are organized; advises on the various means of protection against it; and discusses the acts of contingency planning and crisis management if a kidnap occurs.
