Business
Re Agreement
Re Agreement.
About this update from Admiral Group Plc
[{"type":"text","content":"\n Admiral Group PLC\n10 December 2007\n\n\nThe Board of Admiral Group plc ('Admiral') announces that it plans to increase\nits UK motor premium retention for the 2008 underwriting year to 27.5% from the\ncurrent 22.5%. This reflects the structure of the group's existing coinsurance\ncontracts under which the percentage of premiums ceded to co-insurers reduces by\n5% for 2008. Having considered alternative options, the Board has decided to\nretain the additional 5% risk within the Group. The terms of the co-insurance\ncontract and the other reinsurance arrangements announced last year remain\nunchanged.\n\nThe Group announces its results for the year ending 31 December 2007 on Tuesday\n4 March 2008.\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1038,"tagName":"div"}]