Case Studies

Product recall deal

by Mark Rowe

red24, the crisis assistance company, reports that the international business underwriter, Hiscox London Market, has appointed it to provide support for its Product Contamination Insurance clients.

Hiscox London Market is part of the Hiscox international specialist insurance group. 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 crises arising from product recalls and/or contamination. That support includes access to technical, regulatory and public relations advisors, product testing facilities and crisis communications.

Maldwyn Worsley-Tonks, CEO, said: “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.” And 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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