History
Control Risks was formed in 1975, as a professional adviser to the insurance industry. As a subsidiary of insurance broker, Hogg Robinson, Control Risks aimed to help minimize their exposure to kidnap and ransom payouts. The company expanded its capabilities when these crisis management and incident response specialists were joined by political and security risk analysts, before achieving independence in 1982 following a management buyout.
As multinational organizations demanded a more holistic suite of risk management services, Control Risks grew organically delivering a wider range of services from more international locations. In the 1990s, as multinationals started doing business in more unfamiliar territories, business intelligence and investigations became a growth area. Since then Control Risks has conducted due diligence on behalf of many of the world’s largest companies, researching into their potential business partners, agents and employees.
Control Risks formed a Joint Venture with International SOS in 2008, and through this partnership provides a comprehensive suite of travel security services and advice to clients’ business travelers and expatriate employees. In 2010, Control Risks launched an eDiscovery offering to support organizations with complex, multi-national litigation issues.
The company has continued its expansion and today is a business of over 2,000 employees, operating from a network of 34 offices and with an on-the-ground presence in more than 100 countries and cities including; Abu Dhabi, Amsterdam, Baghdad, Beijing, Berlin, Bogotá, Copenhagen, Delhi, Dubai, Hong Kong, Houston, Islamabad, Jakarta, Johannesburg, Kabul, Lagos, London, Los Angeles, Mexico City, Moscow, Mumbai, New York, Paris, São Paulo, Shanghai, Singapore, Sydney, Tokyo, and Washington DC.
In December 2010, the company reported a 10% rise to £136 million in its annual revenues due to oil companies wanting protection in Iraq.
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