Admiral Group plc launches direct insurance ope...

The Group is pleased to announce that its direct insurance operation in France, L'Olivier (Olive Tree), launched today from its offices in Paris.  As with our other international operations, we expect a modest start with small initial volumes as we learn more about the French market and how to develop our model.  The Group will provide further update when it announces its results for the year ending 31 December 2010 on 2(nd) March 2011. Henry Engelhardt, Chief Executive, commented, 'I'm delighted to see the launch of L'Olivier in France, it represents another key milestone in our plans to grow our business overseas.   Congratulations to the team in France on all their hard work to reach this important point.' For further information, please contact: Admiral                                    029 2043 4394 Louisa Scadden Financial Dynamics                   020 7269 7114 Nick Henderson This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Admiral Group PLC via Thomson Reuters ONE [HUG#1474971]