News: Admiral Group PLC (ADML.L)

ADML.L on London Stock Exchange

1,478.00GBp
12:08pm EDT
Change (% chg)

-3.00p (-0.20%)
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1,481.00p
Open
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Wed, May 13 2015

UPDATE 1-Admiral Group says Henry Engelhardt to step down as CEO in 2016

LONDON, May 13 - Insurance industry veteran Henry Engelhardt, the chief executive of motor insurer Admiral Group Plc, is stepping down from his role in 2016, in the latest of a series of management reshuffles in Britain's insurance sector.

BRIEF-Admiral Group says Henry Engelhardt to step as CEO in one year

* Henry Engelhardt has decided to step down from his role as CEO in one year's time

UK still a drag for motor insurer Admiral

LONDON - British insurer Admiral Group Plc posted forecast-lagging full-year results, hit by premium and claims pressure in the highly competitive UK motor market.

UPDATE 1-UK still a drag for motor insurer Admiral

* Shares down 2 pct in 0.2 pct higher FTSE 100 (Adds detail from statement, quote, shares)

BRIEF-Admiral Group posts 4 percent dip in FY pretax profits

* Admiral Group profit before tax of 357 million pounds for year to December 2014, down 4 percent.

Fitch Affirms Admiral's IFS at 'A+'; Outlook Stable

(The following statement was released by the rating agency) LONDON, December 09 (Fitch) Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Admiral Insurance (Gibraltar) Limited and UK-based Admiral Insurance Company Limited, the two main operating entities of Admiral Group plc (Admiral), at 'A+'. Fitch has also affirmed Admiral's Issuer Default Rating (IDR) at 'A-' and its subordinated notes at 'BBB-'. The Outlook on the IFS rating and IDR is Stable. KEY RATING DRIVE

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