Admiral is extending its existing UK car insurance reinsurance partnerships with Hannover Re, Mapfre Re, New Re and Swiss Re until 2014.
"We are happy to announce these extensions to our underwriting arrangementsinto 2014," said Chief Executive Officer Henry Engelhardt.
"Reinsurance has been at the core of Admiral's successful business model since 2000 and we look forward to continuing our mutually beneficial relationships with our partners for many years to come," he said.
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The cost of these arrangements to Admiral is unchanged.
BC
