Admiral
Admiral swoops for former Phoenix Group CRO
Admiral has recruited the former chief risk officer of pension fund consolidator Phoenix Group to serve as a non-executive director and risk committee chair.
More than 60 jobs created by Admiral and Auto Windscreens partnership
Admiral Group has signed a three and a half year preferred supplier agreement with Auto Windscreens that is set to create more than 60 jobs at the repair company.
US car comparison site sale will not impact Admiral FY results
Admiral has stated that a further sale of a minority equity stake in its US car insurance comparison website Compare Now will have "no material impact" on its full year results for 2013.
Young driver safety scheme wins Admiral sponsorship
Admiral has thrown its support behind a young driver safety initiative that offers lessons to aspiring motorists aged between 11 and 17 by agreeing as the title sponsor of the scheme.
Admiral extends Munich Re underwriting deal until 2018
Admiral has agreed to extend its underwriting arrangements with Munich Re for its UK car insurance business for a minimum or five years.
DLG closing the gap on Admiral as dividend yield hits 7%
Direct Line Group has paid dividends of 16p per share in 2013 and has achieved a dividend yield of 7% for the year to date.
Admiral to bring in 150 sales and customer service staff
Admiral is preparing to welcome 150 new recruits to the business across south Wales region at the start of next year.
Brokers baffled as FCA places them in ‘high risk’ group
Aggregators say FCA probe into sector no longer relevant.
Scepticism remains over ‘underwriting discipline’ in Q3
Full-year results expected to take a hit from St Jude storm.
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.
Admiral 'on track' for full year despite falling UK revenue
Insurer Admiral said it its ‘on track to meet expectations for the full year’ despite the shrinkage of its UK motor business in the third quarter.
Expert Analysis: Autumn watch
IGO4’s aggregator analysis reveals that while demand for motor quotes remains high, home insurance has stalled at a disappointing level.
Post Intelligence – company profile: Admiral Group plc
Following a difficult time with motor insurance, Admiral Group issued a profit warning in FY12.
Money Supermarket slams rivals’ use of wide ‘most favoured nation’ clauses
Comparison site tells Competition Commission wide MFNs are ‘anti-competitive’.
Editor's comment: Falling out of favour
Insurers received a surprise this week when some of the market’s aggregators agreed with them over an issue that has been gnawing away at them for some time, most favoured nation clauses.
PI law firm wants apology from Admiral
Personal injury law firm Thompsons Solicitors has asked Admiral to apologise for misleading the public about personal injury costs after it revealed a rise in profits in its half year results yesterday.
Admiral’s ABSs will not contribute 'materially' to group’s profits
Admiral’s joint legal ventures with Lyons Davidson and Cordner Lewis will not “make a material contribution in the foreseeable future”, according to the insurer’s chief financial officer Kevin Chidwick.
Admiral's shrinking UK motor share behind 7% fall in H1 turnover
Motor insurer Admiral saw turnover fall 7% to £1.089m in the first half of 2013, down from £1.169m in the first six months of 2012.
Website review: Confused: Is it time for an MOT for Confused.com?
Compuware evaluated the web performance of Confused’s car insurance website between 17 May and 19 June using Gomez’s performance benchmark.
Admiral apologises over Welsh language complaint
Admiral Insurance has apologised to a Welsh-speaking customer who was told every conversation had to be recorded in English to satisfy regulators, the BBC reported.
Claimants View: Misinformation has public running scared
Motor insurers are not suckers for punishment – suckers do not make multimillion-pound profits.
Analysts warn Direct Line is playing "catch up" on costs base despite 2000 job cuts
Liverpool, London and Croydon offices due to close in expanded cuts programme.
Octo eyes up UK telematics opportunities
Telematics systems provider Octo Telematics has relocated its frontline operation from Italy to London in a bid to take advantage of opportunities in the burgeoning UK telematics market and to build stronger ties with both the insurance and manufacturing…
Post Audio Supplement - 13 June 2013
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