Directors Deals 

Admiral chief's Waterloo Foundation sells down

Admiral chief's Waterloo Foundation sells down

Admiral (ADM) was one of the few insurers to beat market profit expectations during the first half, as it managed to increase motor rates ahead of the broader market. On the same day the Welsh insurer revealed these results, the Waterloo Foundation – a charity set up by chief executive David Stevens and his wife, Heather, in 2007 – sold £4.8m of the shares that had been donated to it. Mr Stevens is a trustee of the foundation. The foundation retains a 1 per cent stake in Admiral following the sale. 

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