10 Dec 2007 13:47
Admiral Group PLC10 December 2007 The Board of Admiral Group plc ("Admiral") announces that it plans to increaseits UK motor premium retention for the 2008 underwriting year to 27.5% from thecurrent 22.5%. This reflects the structure of the group's existing coinsurancecontracts under which the percentage of premiums ceded to co-insurers reduces by5% for 2008. Having considered alternative options, the Board has decided toretain the additional 5% risk within the Group. The terms of the co-insurancecontract and the other reinsurance arrangements announced last year remainunchanged. The Group announces its results for the year ending 31 December 2007 on Tuesday4 March 2008. This information is provided by RNS The company news service from the London Stock Exchange
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