Red24 PLC red24 to provide Allianz with crisis management

TIDMREDT

Red24 PLC

11 June 2015

RED24 PLC

(the "Group" or "red24")

red24 to provide Allianz Global Corporate & Specialty with crisis management assistance services

red24 plc, the crisis assistance company, is pleased to announce that they will now provide Allianz Global Corporate & Specialty ("AGCS"), the corporate insurer of Allianz Group, with crisis management services.

This new relationship gives red24 the opportunity to continue to expand its global operations while supporting AGCS clients facing product contamination, hostile environment and terrorism risks.

red24's network of specialists will be available to provide immediate support for technical, testing, regulatory, logistical and crisis communications issue should AGCS clients encounter a difficulty with their personnel or products. These services are also complemented with a range of advisory, training and procedural support services to ensure clients have the appropriate preparations in place to mitigate risk to their business.

In addition, red24 will provide prevention, risk mitigation and on-the-ground response services for hostile environment incidents. Such incidents are coordinated by the company's Crisis Response Management Center in South Africa, staffed by a team of multilingual customer service representatives, regional analysts and security experts. With red24's global network of consultants, Allianz clients will be able to access support on a worldwide basis.

Simon Richards, Chairman, commented: "The partnership with Allianz Global Corporate & Specialty is a clear sign of confidence in our global presence and the qualities and expertise of our operatives. We are delighted to enter into this strategic partnership and we are looking forward to developing it and embedding it throughout the Allianz network world-wide."

Enquiries:

 
 red24 plc                  Tel: 0203 291 2424 
 
 Simon Richards, Chairman 
 Maldwyn Worsley-Tonks, 
  Chief Executive 
 
 finnCap                    Tel: 0207 220 0500 
 
 Julian Blunt, Corporate 
  Finance 
 Tony Quirke, Corporate 
  Broking 
 
 Yellow Jersey PR           Tel: 07768 534641 
 
 Philip Ranger 
 Kelsey Traynor

About red24

Red24 is a crisis assistance company that provides a range of security and business support services, offering preventative and reactive advice to help organisations and individuals to avoid or manage security and business risks to themselves, their families and their businesses. Its products and services are distributed through leading international financial service companies.

About Allianz Global Corporate & Specialty

Allianz Global Corporate & Specialty (AGCS) is Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

Worldwide, AGCS operates in 29 countries with own units and in more than 160 countries through the Allianz Group network and partners. In 2014 it employed more than 3,500 people and provided insurance solutions to more than half of the Fortune Global 500 companies, writing a total of EUR5,4 billion gross premium worldwide annually.

AGCS SE is rated AA by Standard & Poor's and A+ by A.M. Best.

For more information please visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.

This information is provided by RNS

The company news service from the London Stock Exchange

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