- December 3, 2015
Terra Firma featured in a recent Economist article.
The following excerpts are taken from the article:
In Venezuela, where the number of abductions is rising, “express kidnappings” are the most common sort, according to the Venezuelan Violence Observatory (OVV), a think-tank based in Caracas.
Terra Firma, a security firm with a branch in the city, has noticed that kidnappings surge every two weeks, when most people get paid their wages, which suggests that the victims are working-class.
Economic hardship is one reason for the persistence of low-rent kidnapping. In Venezuela, where the economy is in a slump and foreign currency is scarce, fewer hostages can pay big-dollar ransoms, says a negotiator from Terra Firma.
The Economist “Quickie kidnappings – As abductions get faster, the poor are being targeted along with the rich” – June 6th 2015
For more on Terra Firma Risk Management kidnap response service, please click here.
We have recently hired a consultant based in South Africa who has extensive experience of security risk management and kidnap response.
We have also added two new Associates in Pakistan (Islamabad & Karachi), one in India and two in the UK. This brings our core advisory team up to twelve exclusively retained consultants and our associate network up to 26 trusted security specialists.
A representative from Terra Firma joined the panel of experts at the Frontline Club discussion on 27 January 2015 on Kidnaps, Ransoms and Media Blackouts, along with Richard Sambrook (Professor of Journalism and Director of the Centre for Journalism at the Cardiff School of Journalism, Media & Cultural Studies), Anthony Lloyd (The Times), Joel Simon ( the executive director of the Committee to Protect Journalists, Diane Foley (mother of James Foley who was murdered by IS in 2014) and Carl Newns (Head of Media Office and press secretary to the Foreign Secretary at the FCO).
Our consultant in Sydney was on Fox News recently discussing hostage negotiations during the attacks in the city.
For the full item, visit the Fox News website, here.
Terra Firma Risk Management have recently been mentioned in the following news coverage:
“Risk management experts like Terra Firma are the ones who should be contacted first in the event of a kidnapping, but in most cases, if it’s your loved one who’s been snatched, you’ll be the person with whom the kidnappers will insist on speaking. Criminals won’t want to be put on the phone with someone who isn’t necessarily desperate to facilitate the hostage’s return. They’ll want to deal with you, directly.”
From “8 steps to negotiate kidnap & ransom demands” at PropertyCasualty360.com
Click the link below to read the full article.
Related Service: Kidnap & Ransom.
Terra Firma Risk Management have recently been featured in the news section of specialist risk insurers, Willis Group, in the following article at their WillisWire website:
The article describes the current terrorist situation in Kenya, and was written with some input from a Terra Firma advisor in the region.
If you are creating an article about terrorism, kidnap and ransom, or similar subjects, please don’t hesitate to contact us.
Terra Firma Risk Management were recently mentioned in a BBC News article entitled “Nigeria abductions: How do you negotiate with Boko Haram?“, which included the following passage:
British risk consultancy firm TerraFirma has been involved in lengthy hostage negotiations in Nigeria on behalf of commercial companies.
According to one of their executives, who asked not to be named, the next most important thing to establish is “proof of ownership”.
That means making absolutely certain that the people you are talking to are the ones actually holding the hostages.
In the murky world of kidnap and ransom, there will be plenty of people looking to make some money out of putting themselves forward as intermediaries “with connections”.
A third ground rule in the hostage negotiator’s metaphorical handbook is to never lose your temper.
“The kidnappers will often lose theirs,” says one expert.
“Or at least they will pretend to, to put pressure on you to give in to their demands. But you must never lose yours, for fear you will prompt them to take drastic action.”
Hardy insureds need not be concerned. Terra Firma will continue to support all existing Hardy KRE policies with pre-incident and response services. Policy holders will continue to receive the same high level of service and support for the duration of their policy.
Terra Firma is excited by the opportunities afforded by our partnership with XL Group. With our core team of eleven experienced advisers on five continents, supported by a broad network of associates, we look forward to working alongside XL Group to provide a global best-in-class crisis management and response service.