Brit creates ransom offering

Fairfax-owned specialty insurer Brit has partnered with crisis law firm Schillings Critical Risk to create a comprehensive kidnap for ransom offering.

In today’s rapidly changing geopolitical and economic climate, extortion and kidnap for ransom are extreme and endemic risks for individuals and businesses operating in many countries around the world, Brit said. Privileged sources and anecdotal evidence estimate about 30,000 incidents of kidnap for ransom alone per year, with about 1,000 of these involving foreign nationals, the company said.

Brit’s kidnap for ransom team will be led by Stephen Quinton, who joined the firm in September 2018.

The Schillings Critical Risk team is led by John Chase who brings over 20 years of experience in kidnap for ransom, extortion, illegal detention, blackmail, hijacking and cyber-attacks worldwide.

Brit and Schillings are committed to building solutions for clients that mitigate and respond to the kidnap for ransom and extortion threats they face.

“At Brit, we are always looking for new ways to both enhance the solutions we are able to offer our clients and evolve our capabilities in response to changing risks,” said Brit CEO Matthew Wilson. “This partnership is a strong example of this focus, combining Brit’s and Schillings’ respective expertise to give clients a comprehensive crisis management offering in one place.”

Rod Christie-Miller, CEO of Schillings, said: "Crises happen with more frequency and with more long term repercussions than ever before. With over 35 years’ experience as an international issues and crisis law firm, this joint partnership will ensure that we continue to protect clients from the reputation, privacy and security threats of today, as well as the issues and crises of tomorrow”.

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