New Agreement with HSBC
08 September 2003 - 9:01AM
UK Regulatory
RNS Number:4793P
ARC Risk Management Group PLC
08 September 2003
ARC RISK MANAGEMENT GROUP PLC
("ARC") or ("the Company")
NEW AGREEMENT WITH HSBC
The Board of ARC Risk Management Group plc is pleased to announce the signing of
an agency agreement with HSBC Bank plc, for the distribution of ARC's 'Red24'
and 'Red24 Alert' security products to its high asset value general insurance
clients.
Under the terms of the agreement, HSBC, who currently provides the 'Red24' cover
within its 'Platinum Plus' home insurance policies, will enhance its policies to
include the 'Red24 Alert' cover.
Rob Whiting, ARC's Chief Executive, commented:
"The Board is delighted that HSBC has included the Red24 products in its
'Platinum Plus' policies. This agreement endorses our growing position and
credibility in the security services market and highlights the growing
importance of security-based products in a currently unstable political
environment."
--ENDS--
Enquiries:
Rob Whiting Tel: 01491 875455
Chief Executive,
ARC Risk Management Group plc
Maxine Barnes Tel: 020 7430 1600
Dominic Barretto
Barnes and Walters Limited
Jeremy Porter Tel: 020 7648 8700
Seymour Pierce Limited
Notes to Editors
ARC Risk Management Group Plc:
ARC Risk Management Group Plc is a British company, listed on the Alternative
Investment Market (AIM) of the London Stock Exchange, providing security risk
management services on a worldwide basis. ARC's range of products are targeted
at both individuals and companies and offer banks, insurance companies,
multi-national companies and government agencies a highly innovative and proven
solution to the security related issues they and their customers are currently
facing.
The trademarked Red24TM service is targeted at individuals offering clients the
option of telephony or web-based communication with security experts who can
provide them with guidance and advice on worldwide security risks, and an
insured response for those with the enhanced Red24 Alert service.
ARC has a team of intelligence analysts complimented by security professionals
who provide, support and maintain the information 24 hours a day, 365 days a
year. The service currently covers over 125 countries.
ARC is the exclusively retained crisis management consultant to QBE
International Insurance Limited for the provision of 24 hour world-wide
pre-incident and response services covering Product contamination and recall and
Kidnap & Ransom. It complements this with specialist work covering a broad
spectrum of special risks such as sabotage and terrorism, crisis management,
security audits and other related consultancy services to a wide range of
clients.
ARC provides formal training for security management personnel worldwide. The
training courses (provided either "In-House" or via "Open Courses" in the UK)
cover a broad range of spectrum such as bomb threats, business travel, IT,
fraud, crisis management, kidnap and ransom, investigations, strategic security
management and asset protections. It is now acknowledged as the foremost UK
based international security management training operation.
http://www.arcrisk.com
http://www.red24.info
HSBC Bank plc
HSBC Bank plc is a wholly-owned subsidiary of HSBC Holdings plc. With over 9,500
offices in 79 countries and territories, and assets of US$983 billion at 30 June
2003, the HSBC Group is one of the world's largest banking and financial
services organisations.
This information is provided by RNS
The company news service from the London Stock Exchange
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