Sydney Charles Group Limited

29.09.11

Kidnapping happening closer to home

 

If you are a traveller who thinks that kidnap and ransom is something that happens in obscure parts of the world, it might be wise to take a few minutes to study the latest list of incident reports on where these potentially nightmarish events happened in the past few weeks.

In the fourth incident of its type this year, armed men broke into a Belfast home, abducted a teenager and woman who were held overnight and told her partner to pay them around £200,000. In another incident last month in Ireland, armed men broke into a Co. Louth home, held a  partner and three month old baby hostage and ordered a man to withdraw 500,000 Euros.

While Iraq, Colombia and Afghanistan kidnappings are perhaps not quite such a shock, the latest report also reveals that popular tourist destinations such as Mexico and Trinidad and Tobago are also experiencing these types of incidents.

Sydney Charles' expert adviser Marilyn Greening said that arranging cover for Kidnap and Ransom is an increasing area of business. 'It wasn't all that long ago that this sort of insurance was really only required by business people working in countries or areas that were clearly seen as presenting a risk. These days, tourists and corporates planning to visit a whole host of countries are taking precautions by putting cover in place,' she said.

The Caribbean and Africa have seen fairly high levels of kidnap and ransom, together with the Philippines and China. There were four reported kidnaps in India in August and seven in Mexico.

'People tend to be more adventurous with their travel plans these days but, as a recent event in Kenya demonstrated, kidnappers appear to be identifying  them as a source of potentially substantial income. We cover a whole range of aspects, ranging from ransoms  to using specialists to achieve the quickest and safest possible release of the victim - which is, after all, the result that is uppermost in most victims' minds and their families.  It also covers interpreters, loss in transit of a ransom, travel, medical care, legal advice, rewards and any personal financial loss.'

If you would like more details on Kidnap and Ransom Insurance, contact Marilyn on 739970 or email marilyn.greening@sydneycharles.co.uk


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