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This document is advisory in nature. It is offered as
a resource to use with your professional insurance
advisors in maintaining a loss prevention program.
No liability is assumed by reason of the information
in this document.
Managing Terrorism Risks: A Practical Guide
By Mike Ackerman, The Ackerman Group, LLC, International Security Consultants
Protecting employees and corporate assets is the responsibility of
operating managers throughout
any corporation. In most organizations, few people are fully cognizant of exposures, such as kidnapping and extortion. But terrorism,
crime, and political instability risks
are facts of life and corporate leaders must deal with them in transacting business in our increasingly
As leading providers of kidnap,
ransom, and extortion insur-
ance, Chubb believes the best risk
management strategy combines
several techniques, including
quality insurance coverage, sound
risk management procedures and
protocols, and expert advice.
Chubb commissioned Mike Ack-
erman, chairman of The Ackerman
Group, LLC, one of the world’s pre-
eminent security consulting firms,
to prepare this booklet in order to
help corporations begin the pro-
cess of developing a risk manage-
ment plan to address kidnapping
and extortion risks.
We hope this booklet begins the
process of educating and raising
the awareness of corporations
about the risks of kidnapping and
extortion. Although it provides
general guidance on risk man-
agement issues, no booklet can
be a substitute for expert advice.
Experienced professionals should
be consulted for advice on dealing
with specific security issues and
on developing and implementing
a risk management program. We
strongly encourage you to seek
You are the CEO of a multinational
services company. As you prepare
Widely acknowledged as one of America’s leading authorities on terrorism, Mike Ackerman’s forte is recovering kidnap victims. He has lectured at the National War
College, the Harvard Business School and Dartmouth’s Amos Tuck School of Business Administration, has appeared before the crisis-management teams of numerous
multinational corporations and has made more than 50 appearances as a commentator on terrorism and intelligence matters on FoxNews and other news networks. His
book, Counterterrorism Strategies for Corporations: The Ackerman Principles, was published in 2008.
Ackerman served in the CIA’s Clandestine Services for 11 years before resigning in 1975. In the CIA, he had undertaken intelligence operations in 20 European,
Latin American and African countries. Fluent in Spanish and conversant in Russian and Italian, Ackerman graduated from Dartmouth College magna cum laude
and holds an M.A. from Columbia. He was a security officer in the US Air Force Strategic Air Command.