Admiral warning over market conditions
In a trading update, Admiral warned: "In the first half of the year, Admiral found market rates were...
In a trading update, Admiral warned: "In the first half of the year, Admiral found market rates were generally unchanged. This implies a deteriorating result for the market as a whole, as there is a claims inflation factor of circa 5%, largely due to an even greater inflation factor for bodily injury claims. If the market does not react to this deterioration, general trading conditions may be more difficult in the second half. Admiral believes that market combined ratios will rise further this
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