Red24 PLC RED24 AND HISCOX ANNOUNCE STRATEGIC CONTRACT
November 30 2015 - 2:01AM
RNS Non-Regulatory
TIDMREDT
Red24 PLC
30 November 2015
RED24 PLC
("red24")
RED24 AND HISCOX ANNOUNCE STRATEGIC CONTRACT TO SUPPORT THE
PRODUCT CONTAMINATION INSURANCE SECTOR
red24, the crisis assistance company, is pleased to announce
that the leading international business underwriter, Hiscox London
Market, has appointed red24 to provide strategic support for its
Product Contamination Insurance clients with immediate effect.
Hiscox London Market, part of the Hiscox international
specialist insurance group, has engaged red24 to offer its crisis
support services to aid their preparation and management of product
safety risks.
With its Food Safety and Product Recall business unit, red24
will help Hiscox London Market clients prepare for risks relating
to their products as well as respond to immediate crisis situations
arising from product recalls and/or contamination. Support includes
access to specialist technical, regulatory and public relations
advisors, product testing facilities and crisis communications
facilities.
Maldwyn Worsley-Tonks, CEO, commented:
"Our Food Safety and Product Recall business unit is going from
strength to strength and we are very pleased to have been appointed
by a market leading underwriter such as Hiscox to help their
clients through recall and contamination events."
David Burke, Product Recall Line Underwriter, Hiscox London
Market, added:
"As one of the biggest product recall teams in Lloyd's, covering
everything from food and drink, automotive components, restaurants
and pharmaceutical manufacturing through to consumer goods and
durables, we recognize the quality that red24 can bring to our
offering and we are pleased to announce this new contract."
Enquiries:
red24 plc - www.red24.com
Maldwyn Worsley-Tonks Tel: 0203 291 2424
Simon Richards Tel: 0203 291 2424
Yellow Jersey PR Tel: 07768 534641
Philip Ranger
Aidan Stanley
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 Hiscox
Hiscox, the international specialist insurer, is headquartered
in Bermuda and listed on the London Stock Exchange (LSE:HSX). There
are three main underwriting divisions in the Group - Hiscox London
Market, Hiscox Re and Hiscox Retail (which includes Hiscox UK and
Europe, Hiscox Guernsey, Hiscox USA and subsidiary brand,
DirectAsia). Hiscox underwrites internationally traded, bigger
ticket business and reinsurance through Hiscox Re and Hiscox London
Market. Through its retail businesses in the UK, Europe and the US
Hiscox offers a range of specialist insurance for professionals and
business customers, as well as homeowners.
For further information visit www.hiscoxgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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