Admiral Group News

UK Auto Insurer Admiral Reinstates Special Dividend as Claims Drop During Lockdown

Insurer Admiral reinstated its special dividend on Wednesday as it reported a jump in first-half earnings, the latest car insurer to benefit from a slump in claims as coronavirus lockdowns kept Britons off the road in March and April. The …

UK Insurer Admiral Weighs Sale of Price Comparison Platform

UK car and home insurer Admiral Group Plc is considering a potential sale of its price comparison platform Penguin Portals, according to people familiar with the matter. The FTSE 100 company is working with boutique advisory firm Houlihan Lokey Inc. …

UK Regulator Wants Courts to Clarify Wording of Disputed Business Interruption Policies

Britain’s financial watchdog said on Friday it would urgently ask the courts to clarify uncertainty over whether businesses can claim compensation for disruption caused by the coronavirus pandemic. The Financial Conduct Authority (FCA) also told all insurers to assess whether …

Just Like Many British Homes, UK Insurers’ Shares Are Subsiding This Summer

Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country’s non-life insurers sector had its steepest drop in more than a year-and-a-half on Friday after its biggest constituent, RSA Insurance Group Plc, warned this …

UK Car Premiums Rise by 16% to $949 with More Pain Ahead: Willis Towers Watson, Confused.com

U.K. car insurance premiums rose 1.8 percent in the first quarter of 2017, with motorists now paying an average of £781 ($949), which is £110 ($134), or 16 percent, higher than average premiums paid in the same period last year, …

Compare.com to Expand Headquarters in Virginia

Compare.com, an auto insurance comparison website, said it will expand its Glen Allen, Virginia, headquarters and move into a larger office to accommodate its continued growth. The new headquarters office on 140 East Shore Drive will feature 26,000 square feet …

Virginia Gov.: Elephant Auto Insurance to Add 1,173 Jobs in Henrico County

On day two of a European trade mission, Virginia Gov. Terry McAuliffe has snared nearly 1,200 jobs for his state. The economic development announced Tuesday from Cardiff, Wales, involves a $2 million investment by Elephant Auto Insurance to expand its …