Admiral Group Launches Direct Insurance Operation In France
December 23 2010 - 4:32AM
Dow Jones News
Admiral Group PLC (ADM.LN) Thursday announces that its direct
insurance operation in France, L'Olivier, or Olive Tree, launched
Thursday from its offices in Paris.
MAIN FACTS:
-Expects a modest start with small initial volumes as it learns
more about the French market and how to develop its model.
-The Group will provide further update when it announces its
results for the year ending Dec. 31, on March 2, 2011.
-Shares at 0902 GMT down 6.0 pence, or 0.4%, at 1541.0
pence.
By Iain Packham, Dow Jones Newswires; 44-20-7842-9269;
iain.packham@dowjones.com
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