Directors Deals 

Admiral boss sells on behalf of charity

Admiral boss sells on behalf of charity

Shares in insurance business Admiral (ADM) hit a 52-week high of 2,110p after its interim results were released earlier this month. The company had compensated for a softening in motor insurance premiums by increasing its share of the UK market, insuring 11 per cent more vehicles, to hit a total of 4.26m. But snowy weather caused a rise in claims in its UK household insurance business, which slid into an underwriting loss of £2.9m despite a 40 per cent increase in total premiums written. Strip out the impact of bad weather and the division would have made a £5.6m profit.

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