From Wikipedia, the free encyclopedia
Motor insurance company
Admiral Group plc
is a British
financial services
company headquartered in
Cardiff
, Wales. Listed on the
London Stock Exchange
, it is a constituent of the
FTSE 100 Index
, and markets the
Admiral
,
Bell
,
Elephant
,
Diamond
and
Veygo
insurance
brands, as well as launching the
price comparison services
Confused.com
and
Compare.com
.
[2]
The group employs more than 10,000 people across its brands.
[3]
History
[
edit
]
The business started as a division of the Brockbank Group in 1991.
[2]
In November 1999,
Henry Engelhardt
led a
management buy-out
of the Admiral Group from the Brockbank Group backed by Barclays Private Equity.
[4]
On 23 September 2004, Admiral floated on the
London Stock Exchange
.
[4]
In September 2004, the Admiral Group plc announced the pricing of its
initial public offering
, at an offer price of 275 pence per existing ordinary share. Based on the offer price, the
market capitalisation
of Admiral at the commencement of dealings on the
London Stock Exchange
was £711 million.
[5]
On 13 May 2015, it was announced that Engelhardt, would step down as CEO, and be replaced in 2016 by
David Stevens
, the COO.
[2]
On 1 January 2021,
David Stevens
stepped down as CEO to be replaced by Milena Mondini de Focatiis.
[6]
In April 2021, Admiral finalised the sale of interests, that included its Cardiff-based price comparison firm Confused.com, to RVU for proceeds of £508m.
[7]
References
[
edit
]
External links
[
edit
]
|
---|
Company and
organisation
headquarters
| | |
---|
Company and
organisation major
locations
| |
---|
Major public
sector employers
| |
---|
Retail
| |
---|
Hospitality
| |
---|
Regeneration
& development
| |
---|
Tourism
| |
---|
Major events
| |
---|
19th and 20th centuries
| |
---|
|