What are the stories hitting the headlines this week?

Motor insurer Admiral’s first-quarter 2012 turnover increased by 9% to £586m (2010: £539m). Total group insured vehicle count rose 17% to 3.4 million (2010: 2.9 million), while UK vehicle count alone was up 13% to 3 million (2010: 2.7 million). Admiral’s turnover comprises total written premium plus other revenue.

LV= has appointed Chris Rolland as claims director. Rolland was chief executive and vice-president of American Express Insurance Services Europe and will report to LV= chief operating officer Peter Horton.

The Ministry of Defence (MoD) has put out a tender for personal accident and life insurance cover for members of the army, navy and air force, their families, reserve forces and ex-servicemen. The tender is by the MoD’s defence equipment and support arm, to replace its
current scheme.

Private equity firm Tungsten has shown interest in buying Direct Line. Tungsten has not made a formal bid. Direct Line is understood to have been approached by several parties in recent months but still wants to float rather than sell.