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Preparing for the unexpected: Kidnap, ransom, extortion, and workplace violence

This episode of the focuses on kidnap, ransom, extortion, and workplace violence incidents and risk mitigation strategies.

Organizations today are navigating a rapidly changing risk landscape that poses various challenges for senior leaders and executives. 

Emerging technologies, regulatory shifts, and evolving trends are introducing new risks and intensifying existing ones, necessitating proactive governance and risk management strategies. In the Navigating Emerging Liability Risks podcast miniseries, Marsh FINPRO’s liability practice leaders examine directors and officers (D&O) liability, employment practices/wage and hour liability, fiduciary liability, and kidnap, ransom, and extortion risks that organizations might expect to face.

In this episode, host Alyssa Wade, Marsh’s Kidnap, Ransom, and Extortion Product Leader, is joined by Chris Arehart from Chubb and the Ackerman Group’s Joe Deters and Joshua Ackerman. Together, they explore how kidnap, ransom, and extortion insurance policies function, including the comprehensive support they provide before, during, and after an incident. The discussion highlights the importance of proactive measures, such as threat mitigation and workplace violence prevention training, to safeguard employees and assets. 

With real-world examples and expert perspectives, this episode equips senior leaders and executives with the knowledge they need to navigate these pressing challenges effectively. Tune in to learn how to prepare for the unexpected and enhance your organization’s resilience in the face of emerging liability risks.

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Key takeaways

KRE incidents are on the rise

Organizations must recognize the increasing prevalence of kidnap, ransom, and extortion incidents, as well as workplace violence, and adopt a proactive approach to prepare for these threats in both domestic and international contexts.

Insurance plays a role in crisis management

Kidnap, ransom, and extortion insurance policies provide essential support during crises, offering access to expert negotiators and reimbursement for various expenses, which are crucial for effective response and recovery in the event of an incident.

Be proactive, be prepared

Organizations should prioritize proactive measures, such as workplace violence prevention training and threat assessment protocols, to enhance safety and mitigate risks, ensuring that employees are equipped to recognize warning signs and respond appropriately.

About our speakers

Alyssa Wade

Alyssa Wade

SVP, Kidnap, Ransom, and Extortion Product Leader, FINPRO

  • United States

Alyssa is a FINPRO broker, advising clients on risk transfer solutions. She joined Marsh in 2015 and is Marsh’s National Kidnap & Ransom Product Leader, National Health Care FINPRO Co-Leader and Co-Team Lead of the NY Advisory team.

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Christopher Arehart

SVP - First Party Product Manager, Chubb

  • United States

Christopher Arehart is senior vice president and product manager of crime, financial fidelity, kidnap/ransom and extortion, mail and workplace violence expense insurance for the North America Financial Lines division of Chubb Ltd. based in Chicago, Illinois. He was appointed to his current role in 2016.

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Joseph Deters

President, The Ackerman Group

  • United States

Joseph Deters responds to incidents involving workplace violence, kidnapping, extortion, and threats of violence. He is a twenty-year veteran of the FBI and currently serves as president of The Ackerman Group.

Joshua Ackerman

Joshua Ackerman

Chief Executive Officer, The Ackerman Group

  • United States

Joshua M. Ackerman, a US Navy veteran, joined The Ackerman Group in 2015. After working abroad in Colombia and Mexico, he now oversees the firm’s international crisis response operations, Executive Protection program and physical security assessment services.

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