RED24 AND HISCOX ANNOUNCE STRATEGIC CONTRACT

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."

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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