Henry Englehardt
Admiral to diversify with scaled products and business launches
Russell Fisher, chief operating officer of Admiral Pioneer, revealed how Admiral Group is seeding, launching, and scaling new products and services to diversify what the insurer does in the future.
Q&A: Churchill founder and former chairman and CEO Martin Long
To tie in with his deep dive into the birth of the UK direct insurance market, Jonathan Swift caught up with Direct Line co-founder and Churchill founder and former chairman and CEO Martin Long to talk about the birth and growth of both companies, their…
Editor's comment: The right way to succeed
There comes a time when every CEO hangs up their hat and goes to spend more time in the garden or with family – but recent market developments have led to much debate over the right way and the wrong way to do this.
Analysts criticise insurers’ use of reserve releases for distorting H1 results picture
Admiral boss Engelhardt calls focus on reserves in financial reporting ‘bizarre’
Editor's comment: Pass me a fork
It appears you can teach an old dog new tricks. Not so long ago I used this space to berate insurers for their lack of action in commercial underwriting, with firms talking the talk but not walking the walk.
Englehardt happy with 'good start' as Admiral turnover increases
Admiral chief executive Henry Englehardt says his full year expectations remain on track following a first quarter which yielded a 9% increase in group turnover from £539m in Q1 2011 to £586m.
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.
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.
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 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.
Penny Black's insurance week
Given his aspirations as a pop impresario, Penny was interested to see former IAG UK boss and Hastings investor Neil Utley enter the annual Rich List chart above the likes of George Michael, Robbie Williams and Phil Collins.
Post Blog - Six degrees of Kevin Bacon? The Rich List is two degrees of Henry Engelhardt
Sitting in my local barbers on Sunday awaiting my pre-British Insurance Brokers' Association Conference trim I soon became engulfed in this year's Rich List.
Post Blog: Six degrees of Kevin Bacon? The Rich List is two degrees of Henry Engelhardt
Sitting in my local barbers on Sunday awaiting my pre-British Insurance Brokers' Association Conference trim I soon became engulfed in this year's Rich List.
Hastings' Utley, Go Compare's Parsons and Sabre's Morris all enter Rich List
Former IAG UK CEO and current Hastings chairman Neil Utley has entered the Sunday Times Rich List top 1000 today at 430= with a fortune of £160m.
Admiral "on track" to meet analysts' 2011 estimates after solid Q1
Admiral this morning reported that group turnover in the first quarter of 2011 increased by 56% to £539m; and group vehicle count increased 33% to 2.9 million.
Admiral Q3 result bolstered by 87% rise in non-UK car insurance turnover
Admiral Group has released its interim management statement covering the period 1 July to 3 November 2010.
Admiral strikes new reinsurance deals with Mapfre and XL Re
Motor insurance specialist Admiral this morning revealed that it plans to extend its existing reinsurance partnerships with Swiss Re, New Re and Hannover Re and is entering into new deals with Mapfre Re and XL Re for 2011 to 2013.
Post powerlist 2010: The influential crowd
Over the past 12 months the UK insurance industry has faced the global recession head on, taken the change of government in its stride and has shown that it is ready to face oncoming regulation in the form of Solvency II. Below we name the major players…
Confused not up for sale
Admiral has ruled out selling part or all of its aggregator arm Confused after it disappointed with its half-year results.