UBS raises direct motor insurer's rating from 'hold' to 'buy'
Shares in Admiral climbed almost 5% today on news that UBS had raised its rating on the direct motor insurer from 'hold' to 'buy'.
UBS said the shares looked good value.
Shares in the company have fallen 25% and under-performed the FTSE 250 index by 24% since the start of April, but UBS said the insurer was well-placed for any upturn in motor insurance rates.
Meanwhile the broker downgraded Kiln to 'neutral' but reiterated its 'buy' rating on Chaucer, raising its price target from 110p to 120p.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
