Admiral
Penny Black’s insurance week
With the festive period almost upon us Penny took a break from Christmas shopping to attend the numerous seasonal outings on offer from the ever-generous folks in the insurance world.
Editor's comment: Coming back to bite
Confident words have a nasty habit of coming back to haunt you – as Admiral’s CEO Henry Engelhardt discovered to his cost this week. From stockmarket darling to deep disappointer inside nine months, the motor-focused UK insurer has certainly suffered a…
News analysis: Admiral’s claims woes worsen as quarter three results revealed
Admiral’s market followers suffered a painful dose of déjà vu last week when the motor insurer’s quarter three results underscored its rising exposure to large bodily injury claims, and it warned full year pre-tax profits would be lower than expected.
Post Blog: Admiral directors and wives go on share spending spree
Pity Cheryl Sussens, wife of Admiral non-executive director John Sussens. On 13 September 2011 she bought 30,000 shares in Admiral at a price of £12.73. That gave her a total of 52,000 shares because, on 26 August she bought her first 22,000 shares at a…
Fitch: UK motor insurers need to control claims costs
Fitch Ratings said that the trading update released today by Admiral leads it to question the ability of underwriters to control the rising cost of motor claims involving personal injury.
Admiral share price rests on analyst presentation
Admiral’s analyst presentation this afternoon could see its share price rise if it “hits the market with new stuff” or plummet further if it fails, experts have warned.
Admiral share price slumps as Engelhardt warns of no reserve releases in Q4
Equity analysts are maintaining a “cautious hold” recommendation on Admiral’s share price as it dropped this morning revealing large personal injury claims continued to create large costs. Admiral boss Henry Engelhardt also warned there could be no…
Interview - David McMillan: Bullish about the business
Chief executive of Aviva UKGI, David McMillan is convinced the insurer has turned a corner and is on the path to greater profitability and growth
Expert analysis - aggregators: Mixing things up
Softening motor rates, more movement between best-price brands and augmented ancillary income emerge as aggregator themes
Top 100 UK insurers supplement: A man for all seasons
As CEO of Ageas UK for the last decade, radical changes in distribution, more intelligent use of capital and the financial turmoil are just a few of the changes Barry Smith has witnessed.
Top 100 UK insurers supplement: Referral fees roundtable: The hot potato
With barely a day going by without another opinion voiced on the adverse effects of referral fees, our panel of industry experts debated their contribution to cost inflation and the bigger issues*
Auto Windscreens appointed as Admiral supplier
Admiral today announced that Auto Windscreens has been appointed as the firm’s preferred supplier of automotive glazing.
Admiral reiterates referral fee stance
In light of the government's ban on referral fees, Admiral has declared that it does not sell customer data.
Editor's comment: The fall of angels
Many might argue the day was an inevitable one for a motor insurance giant where UK car cover accounts for 90% of group turnover, but the market evidently hoped otherwise. Admiral’s radiant stock market halo has finally lost some of its shine.
Admiral battens down the hatches
Admiral has been the darling of the stock market for a number of years but, despite record pre-tax profits, its share price took a tumble last week. Chinwe Akomah finds out why.
Admiral unveils plans to expand US business
Admiral has defended its £90.7m net ancillary income claiming referral fees played a minor part in profit and have branded personal injury lawyers’ as the “root cause” of the problem.
Admiral shares fall 7.5% in early trades
Admiral shares was the biggest loser on Britain's benchmark FTSE 100 index in the first two hours or trading this morning.
Admiral sees 38% jump in ancillary profit as it records £160.6m PBT at H1
Admiral has recorded a profit before tax at £160.6 million for the first six months of 2011, 27% ahead of H1 2010, while turnover rose 53% to £1.1bn.
Interview - A&A Group: A constantly evolving company
Starting as a two-man operation in a house in Twickenham, A&A Group has grown exponentially since its humble beginnings. Jonathan Swift talks to Tony Allen and Steve McPherson about keeping pace with changes in the market.
Gibraltar GWP tops Lloyd's in motor insurance underwriting
Gibraltar is outperforming Lloyd’s of London in the motor insurance market, according to a report by Ernst & Young, and Admiral is leading the charge.
Gibraltar GWP tops Lloyd's in motor insurance underwriting
Gibraltar is outperforming Lloyd’s of London in the motor insurance market, according to a report by Ernst & Young, and Admiral is leading the charge.
Referral fees a 'red herring' claims CSC
The Claims Standards Council has warned the insurance market that abolishing referral fees is a "red herring" that will only send motor insurance premiums "through the roof", due to the loss of their ancillary income stream.
Another Aviva exec departs as Marsh is hit with new lawsuit
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Admiral & BGL: Motor rates to slow in H2
Motor rates are likely to slow to single digit levels in the second half of the year, according to analysts, as some players “fight back” from market share losses.