Admiral
PM and insurers unveil six point plan after motor premium summit
The Prime Minister has committed to tackling the compensation culture, reducing legal costs and cutting health and safety red tape.
ABI to highlight insurer cost pressures at PM meeting
The Association of British Insurers has welcomed the chance to tell Prime Minister David Cameron "the unacceptable cost pressures" insurers face at the Downing Street meeting this evening.
Editor's comment: Speculation turns into action
The chatter around ‘Tesco Law’, alternative business structures and law firm consolidation appears to be getting louder each week as another eye-opening deal is unveiled to the media.
Former RBSI and Zurich European boss Court resurfaces at Admiral
Admiral has appointed Annette Court as an independent non-executive director, subject to FSA approval.
Swiss Re and Mapfre take a bigger slice of Admiral
Admiral has extended its existing UK car insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re into 2014.
Coversure opens in Swansea
Coversure has opened its third Welsh franchise, this time in Swansea, with former broker and Admiral worker Jason Lawrence (left in picture) heading up the operation.
Expert analysis: Relatively calm
Although competition remains fierce in the aggregator arena, the rush for volume has slowed as the motor market moves closer to break-even point, says Tom Cooper, Igo4.
BGL linked with Minster Law swoop as insurer/broker ABS uptake tipped to rise
The on-going backlash over referral fees has been credited as both a hindrance and catalyst for insurers and brokers seeking alternative business structures.
Admiral refuses to comment on law firm rumours
Admiral told Post it is not commenting on reports in the Telegraph that it is considering branching into the legal sector.
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.