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Home Media News releases and Media contacts

News releases and Media contacts

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Extension of UK Reinsurance Arrangements

12 Feb 2014
PDF Version

Admiral Group has extended its existing UK Car Insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re to at least the end of 2016.  There has been no material change to the cost or contractual terms of these arrangements.

The extended reinsurance arrangements are in addition to the current agreement with Munich Re (covering 40% of the UK business), which runs to at least the end of 2018. 

Share of UK Car Insurance underwriting:

 

2014

2015

2016

Admiral

25.00%

25.00%

25.00%

Munich Re

40.00%

40.00%

40.00%

New Re

13.25%

12.25%

12.25%

Swiss Re

9.00%

9.00%

9.00%

Hannover Re

8.75%

8.75%

8.75%

Mapfre Re

4.00%

5.00%

5.00%

Total

100.00%

100.00%

100.00%

Chief Executive Officer, Henry Engelhardt, said: “We are very pleased to announce extensions to our long-standing reinsurance arrangements.  These agreements show our partners’ continued confidence in our business and we look forward to working with them for many years to come.”

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  • Who we are
    • About us
    • Our purpose
    • Our Board and Management
    • Brands and markets
    • Our offices
    • Our milestones
    • Subsidiary companies
  • Sustainability
    • Our sustainability framework
    • Customers
    • Environment
    • Communities
    • Suppliers
    • Investments
    • Our commitments
    • Our policies
    • Modern Slavery Statement
  • Investor relations
    • Overview
    • Results, reports and presentations
    • Equity analysts
    • Financial calendar
    • Shareholder information
    • Debt investors
    • Dividend history
    • Corporate governance
    • Regulatory news
    • Email alerts
  • Media
    • News releases and media contacts
    • Media library
  • Inside Admiral
  • Working at Admiral Group
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  • Our Brands
    • Admiral
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    • Admiral Pioneer
    • Balumba
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    • ConTe.it Assicurazioni
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    • Diamond
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    • Gladiator
    • L’olivier – assurance
    • Qualitas Auto
    • Veygo

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