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Birmingham Post
Birmingham Post
Business
Sion Barry

Admiral Group expands with acquisition of French online home insurance firm

Admiral Group Insurance

Motor insurance to loans group Admiral has acquired a French online home insurance business.

The Cardiff headquartered and FTSE 100 group has strengthened its presence in the French marketplace with the acquisition Luko, which accounts for 25% of home insurance policies sold in France online. The deal, the value of which has not been disclosed, doesn’t include Luko’s real estate and German and Spanish operations.

Admiral, which employs 10,000 globally, operates in the French motor and home insurance markets through its L’olivier Assurance business.

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