Admiral Group chief executive Henry Engelhardt to step down May 13, 2015 Insurer admiral has announced that chief executive Henry Engelhardt intends to step down in one year's time, and he'll be replaced by co-founder and chief operating officer David Stevens. Engelhardt, who has been with the company since it was first created in 1991, said "don't bury me yet, Guys!". "I still have 12 months on the job and [...]
Admiral’s meek performance sparks investor share sell off August 13, 2014 INSURER Admiral disappointed investors yesterday after revealing poor underlying growth and a sluggish one per cent profits. Shares in the business, which sponsors the Wales national rugby team, closed down 5.5 per cent, making Admiral the biggest faller on the FTSE 100 yesterday. “We have yet to see firm evidence of an inflection point and [...]
Admiral appoints Geraint Jones as new CFO August 13, 2014 The owner of confused.com has announced the appointment of Geraint Jones as group chief financial officer (CFO) and executive director of Admiral Group, with effect from 13 August. Geraint, who has been with Admiral since 2002, will take over from Kevin Chidwick who will now focus on his US role as CEO of Elephant Auto [...]
Admiral share price sinks after insurance firm announces £200m bond issue July 9, 2014 Shares in Admiral hit the rocks yesterday after the insurance firm announced a £200m bond issue, a first for the group. Chief executive Henry Engelhardt said the group is seeking to diversify its capital base amid “favourable” market conditions and reasonable rates. “It is an opportune time to strengthen and diversify our capital resources as [...]
London Report: FTSE at two-month low as Admiral and Aviva shares dive July 9, 2014 BRITAIN’S top share index fell for a third straight session to a two-month low yesterday, with Admiral sinking after its trading update and Aviva down after outlining its turnaround targets. Next dipped two per cent to 6,365p after reaching its ex-dividend date. Car insurer Admiral slumped 3.3 percent after saying revenues fell in the first [...]
“Year of the baked potato” sees Admiral profits rise March 5, 2014 FTSE 100 car insurer Admiral has reported a rise in profit before tax of seven per cent to £370m, according to the company's preliminary results for the year ended 31 December 2013. Earnings per share were up 10 per cent at 104.6p and group vehicle count was also rose four per cent. 7,000 staff are [...]
Admiral vehicle count rises in its third quarter November 12, 2013 MOTOR insurer Admiral Group said yesterday that the number of vehicles on its books increased three per cent in the third quarter of 2013. In a trading statement, Admiral’s chief executive Henry Engelhardt said the group vehicle count of 3.64m was lifted by expansion outside its core UK market. The international vehicle count rose by [...]