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London Markets: Insurers stand out in stronger London

Insurers Admiral Group and Aviva stand out in a stronger London market on Wednesday, with both companies rallying after releasing second-quarter reports.

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Admiral mini-park project update: “Play space,” not “playground”

Our previous reports on the Admiral group proposing a kids’ play area for the tiny park shown above — California Place, at California/Hill next to Admiral UCC church (map) — have been greeted by some comments suggesting the space might be better left undeveloped. Nobody showed up at the group’s first community meeting last night [...]

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Admiral Group

Admiral Group is a car insurance provider with operations in the UK, Spain and Italy. The market cap. is about £2.5 Billion, the PE ratio is 18 and the dividend yield is about 2.5%. Insurance is not the most exciting of industries but Warren Buffett has proved that there is a lot of money to be made. Admiral's revenue increased a healthy 14% in the last quarter but the PE ratio is rather high and the...

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Benfield Group Still Anticipates FY08 Trading Results To Be …

Benfield Group Still Anticipates FY08 Trading Results To Be Marginally Below FY07 Performance - Quick Facts [BFD.L]5/2/2008 2:35:02 AM Benfield Group Ltd. (BFD.L) issued an interim management statement for the period from January 1, 2008 to May 2, 2008. The company said that it has not been materially affected by the global credit crisis and [...]

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Honour for pioneering Admiral Chief Executive

A pioneering businessman who founded an insurance firm that now employs more than 2,500 people in Cardiff and Swansea has been presented with an Honorary CBE by Secretary of State for Wales Paul Murphy. American-born Henry Engelhardt, chief executive founder director of Admiral Group plc, has been honoured for his services to the insurance industry in [...]

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CBG Group completes purchase of Howgud

CBG Group, an insurance broker, financial adviser and healthcare specialist, has completed the acquisition of Howgud Limited and its trading subsidiaries - EDN Insurance Services, E Davies Northern, and EDN Financial Services.

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UPDATE 2-Benfield 2007 trading profit falls, shares slump

LONDON, March 13 (Reuters) - UK-listed reinsurance broker Benfield Group said its trading profit fell 7.5 percent in 2007, due to the weak dollar and tough market conditions, sending its shares down as much as 15 percent.

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Benfield 2007 trading profit falls 7.5 percent

LONDON (Reuters) -Reinsurance broker Benfield Group said its trading profit fall 7.5 percent in 2007, due to the weak dollar and tough market conditions.

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Admiral Group beats market expectations with 24% leap in profits

Motor insurance group, Admiral, beat market forecasts with a 24% increase in full-year profit. The group said its pre-tax profit for the 12 months to the end of December was £182 million compared with £147 the previous year. Admiral also announced a strong performance at its Confused.com insurance price comparison website, which generated a profit of [...]

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Newly promoted firrms gain ground in London's top index

LONDON (MarketWatch) -- Several companies promoted to the top London share index on Christmas Eve performed well on Thursday. Shares in the London Stock Exchange moved up 1.9%, TUI Travel shares rose 1.9%, bus and train operator FirstGroup shares climbed 1.4% and insurance firm Admiral Group also rose 1.4%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move....

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UPDATE 1-Benfield issues profit warning, shares drop

LONDON, Dec 10 (Reuters) - UK-listed reinsurance broker Benfield Group Ltd lowered its 2007 profit target for 2007 on Monday, causing its shares to drop 5 percent, as well as announcing a 150 million pound ($304 million) share buyback.

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Success on a Road Less Taken

Henry Engelhardt, chief executive of Admiral Group, takes a distinctive approach to car insurance by selling directly to customers others shun: young, urban drivers.

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Premiums to rise as Admiral reports 26pc profits surge

Admiral Group joined the chorus of insurers saying it will lift motor premiums as it unveiled a 26pc rise in first-half pre-tax profits.