Will reduce ceded co-insurance premium by 5% in 2008
Admiral Group is to increase its UK motor premium retention for the 2008 underwriting year to 27.5% from the current 22.5%.
The motor insurer said this reflected the structure of the group's existing coinsurance contracts under which the percentage of premiums ceded to co-insurers reduces by 5% for 2008.
The insurer said in a Stock Exchange statement: "Having considered alternative options, the Board has decided to retain the additional 5% risk within the Group. The terms of the co-insurance contract and the other reinsurance arrangements announced last year remain unchanged."
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.
