December 28, 2014 1:42 PM ET

Insurance

Company Overview of Admiral Insurance Company

Company Overview

Admiral Insurance Company provides commercial casualty, professional liability, commercial property, and excess/umbrella insurance solutions in the United States, Canada, Puerto Rico, and the U.S. Virgin Islands. Its commercial casualty insurance solutions include commercial general, product, discontinued product, completed operations, excess CGL/product, and OCP liability for contractors, manufacturers, and OL&T customers. The company’s professional liability solutions comprise miscellaneous professional, miscellaneous medical, technology errors and omissions, and architects and engineers professional liability insurance. Its commercial property insurance solutions include commercial inland...

1255 Caldwell Road

P.O. Box 5725

Cherry Hill, NJ 08034

United States

Founded in 1973

Phone:

856-429-9200

Fax:

856-429-8611

Key Executives for Admiral Insurance Company

Chief Executive Officer and President
Age: 64
Chief Financial Officer
Chief Operating Officer
President of Admiral Excess Underwriters
Vice President of Claims Operations and General Counsel
Compensation as of Fiscal Year 2014.

Admiral Insurance Company Key Developments

Admiral Announces Financial Results for the Six Months of 2014

Admiral announced financial results for the six months of 2014. For the period, the company reported profit before tax, adjusted to exclude minority interests' share, up 2% to £184.9 million, statutory profit before tax up 1% to £183.3 million, earnings per share up 5% to 52.7 pence. Group turnover down 5% to £1,037.1 million, return on equity 54% against 57% a year ago.

Travelers Property Casualty Co. of America Seeks Insurance Contribution in Construction Case

Travelers Property Casualty Co. of America has filed a lawsuit against three other companies seeking contribution for a settlement arising from a construction defect case connected with the expansion of a water treatment plant. Travelers insured Big B Construction Inc. under a commercial general liability policy. Big B was the concrete subcontractor on the water treatment plant project. Big B and other contractors on the project were subsequently sued in a claim alleging construction defects on the project. Travelers paid $905,598 in legal fees and $6 million to settle the underlying dispute. Travelers alleges that Admiral Insurance Co., National Fire Insurance Co. of Hartford and National Union Fire Insurance Co. of Pittsburgh, Pa. also provided insurance for Big B. Travelers seeks contribution from the other insurers.

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