Trends and Developments in M&A (Part II): Private Company Targets
RKH Product Recall Insurance
1. RKH Property & Casualty
One Whittington Avenue, London, EC3V 1LE, United Kingdom
T +44 (0)20 7456 9300
F +44 (0)20 7456 9399
R K Harrison Insurance Brokers (RKHIB) is the Specialty Lines broker of
R K Harrison Group (RKH), a leading independent insurance and reinsurance
broker, specialising in providing bespoke solutions to businesses, brokers and
private individuals, throughout the world.
RKH Group Overview
Key Facts
£125m
A decade of year-on
year growth has allowed
reinvestment in the business
Fifth largest
producer to
Lloyd’s
Nine locations
in the UK &
internationally
Over 750 staff
across the
Group
Circa £1.3
billion premium
handled
Revenue
(year ending 30 June 2014)
E enquiry@rkhib.com
www.rkhgroup.com
Financial information relates to R K Harrison Holdings Limited for year to 30 June 2014. RKH Property & Casualty is a trading name of R K Harrison Insurance
Brokers Limited (RKHIB), which is an appointed representative of R K Harrison Group Limited. R K Harrison Group Limited is authorised and regulated by the
Financial Conduct Authority in respect of general insurance business. RKHIB is registered in England No. 6720048. Registered Office: One Whittington Avenue,
London EC3V 1LE. Calls may be monitored and recorded for quality assurance purposes. 09/14 ref 2358
For enquiries please email product.recall@rkhib.com
Mark Colgate
Head of Recall Practice
+44 (0)20 7456 9370
+44 (0)7919 307 493
mark.colgate@rkhib.com
Robert Marshall
Senior Account Executive
+44 (0)20 7456 9311
+44 (0)7788 970 473
robert.marshall@rkhib.com
Justin Whitehead
Casualty Solutions
+44 (0)20 7456 9369
+44 (0)7919 307 492
justin.whitehead@rkhib.com
Christabel Burton
Account Handler
+44 (0)20 7426 5257
+44 (0)7795 465 289
christabel.burton@rkhib.com
Whether your client is looking for a bespoke placement, an annual or multi-
year deal or a quota share capacity offer, we can assist in offering creative and
comprehensive solutions.
Product Recall
Insurance
1004 05 06 08 09 11 12 13 1407
2. Food & drink product contamination
Available for all food and drink manufacturers, retailers, distributors, importers and co-packers.
Consumer durable products / non-food
Cover a variety of consumer durables and non-food products against product safety issues and
design and manufacturing errors.
Restaurant contamination
Estimates suggest only 5% of the USA’s approx 1,000,000 restaurants are currently insured for food
bourn illness. We can source cover for individual franchisees all the way to large corporate buyers.
Pharmaceutical recall
Covers manufacturers, co-packers, co-manufacturers and re-packagers of prescription or
generic/over the counter pharmaceuticals.
Auto recall
2014 has seen more auto recalls worldwide than any other year in history. Cover is available for any
component part excluding tires, and coverage can be extended for contract specific periods.
Triggers
• Accidental contamination
• Malicious product tamper
• Mislabeling
• Product extortion
• Government recall
Cover includes
• Loss of gross profits
• Recall expenses
• Rehabilitation costs
• Replacement expenses
• Destruction costs
• Third party recall expenses
• Consultant costs
Additional cover available
• Government recall
• Adverse publicity
• Customer’s loss of profit
• Product Recall Liability damages
Triggers
• Product defect
• Government recall
• Malicious product tamper
• Product extortion
Cover includes
• Recall expenses (for both finished
products & component products)
• Extra expenses; including advertising &
communication costs, transportation,
disposal & extra expense costs
• Replacement costs
• Third Party component recall expenses
• Loss of gross revenue
• Brand rehabilitation
• 12 month retro date
• Product recall liability damages
• Defense costs
Triggers
• Product guarantee
• Product safety
• Government recall
Cover includes
• First party & third party recall expenses
• Extra expenses; including advertising &
communication costs, transportation,
disposal & extra expense costs
• Replacement costs including reinstallation
costs & expenses
• Consultant costs
• 12 month retro date as standard
Additional cover available
• Third Party Financial Loss • Loss of profits
Triggers
• Foodborne illness
• Accidental contamination
• Malicious product tamper
• Product extortion
• Adverse publicity
• Product extortion
• Supplier contamination
• Workplace violence
• Public health authority
Cover includes
• Loss of profits
• Loss of royalty income
• Rehabilitation costs
• Inoculations
• Consultant costs
Triggers
• Accidental contamination
• Unforeseen side effects
• Design error
• Mislabelling
• Manufacturer error
• Omission of an active ingredient
• Malicious product tamper
• Product extortion
Cover includes
• Loss of profits
• Recall costs
• Rehabilitation costs
• Third party recall expenses
• Consultant costs
• Replacement expenses
Additional cover available
• Government recall • Third Party recall liabilty
$300m + capacity available
$100m + capacity available
$100m + capacity available
$100m + capacity available
$100m + capacity available
Minimum premium $10,000
Minimum premium $15,000
Minimum premium
$500 Franchisees
$35,000 Corporate
Minimum premium $25,000
Minimum premium $20,000
The future
Meat
industry
E - cigarettes
Multi-year
policies
Toys
Worldwide
exposure
We live in an ever-changing world where client’s insurance requirements are constantly
evolving. RKH can offer expert advice in respect of the following areas:
Please contact any member of the team for further information.