London , UK (8th July, 2011): Robert Read, fine art expert at specialist art insurer Hiscox, comments on the disappearance of the Codex Calixtinus manuscript from a Spanish cathedral:
"It is tragic that this iconic manuscript has been stolen, but what is in it for the thief? Not a lot as history has proved. The manuscript is unsellable on the open market and amongst the criminal underworld will have a value that will be measured in 10,000's of Euros rather than the millions that it is really worth. There is an excellent chance that the work will eventually be recovered and we all hope that will happen sooner rather than later. The thief may well be basking in the light of all the publicity but he certainly won't be retiring on the proceeds."
For further information or to arrange an interview with Robert Read, please contact:
+44 20 7448 6470
Notes to editors
Hiscox, the international specialist insurer, is headquartered in Bermuda and listed on the London Stock Exchange (LSE:HSX). There are three main underwriting parts of the Group - Hiscox London Market, Hiscox UK and Europe and Hiscox International. Hiscox London Market underwrites internationally traded business in the London Market - generally large or complex business which needs to be shared with other insurers or needs the international licences of Lloyd's. Hiscox UK and Hiscox Europe offer a range of specialist insurance for professionals and business customers, as well as high net worth individuals. Hiscox International includes operations in Bermuda, Guernsey and USA. Hiscox Insurance Company Limited, Hiscox Underwriting Limited, Hiscox Europe Underwriting Limited and Hiscox Syndicates Limited are authorised and regulated by the Financial Services Authority.
For further information, visit www.hiscox.com .
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