EMCC European Monitoring Centre on Change

Admiral

Company/Organisation:
Admiral

Geographic Location

Country: United Kingdom
Region: Wales
Location of affected unit(s): Cardiff, Newport and Swansea

Company

Sector: Financial services
Financial and insurance activities
65 - Insurance, reinsurance and pension funding, except compulsory social security

Employment Effects

Announcement Date: 10-05-2013
Type of Restructuring: Business expansion
Employment Effect Start: 01-06-2013
Foreseen End Date: 31-08-2013
Planned Job Creation: 236

Additional Information

Insurance company Admiral has announced plans to create 236 new jobs in South Wales. The new positions will be in sales, customer service and policy renewals and they will be created over the next three months at locations in Cardiff, Newport and Swansea. The announcement comes after a 15% rise in annual profits to £345m in March.

Plans for next year include Admiral moving into its new headquarters in Cardiff city center and to a new office in Newport's Cambrian Centre.

Admiral has created a total of 519 jobs in the UK since June 2008 (see Admiral-UK2009 & Admiral –UK2008).