Reduced Admiral underwriting share to have little financial impact
Admiral Group's 3% reduction in its underwriting share announced in the company's 2015 full-year results today (3 March) will not have a significant financial impact on the business, according to chief financial officer Geraint Jones.
In its results statement, Admiral said contract extensions were agreed with the partners it has quota share reinsurance arrangements with and that the group is to reduce its underwriting share from 25
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