Stan
- 01 Nov 2018 10:08
- 105 of 105
Admiral Group has entered into an agreement with its former group CEO Henry Engelhardt and his wife Diane Engelhardt, whereby Diane was investing $25m into its US comparison service Compare.com. The FTSE 100 insurance firm said that as a result of the proposed transaction, Diane Engelhardt would hold 17% of the share capital of Compare, with Admiral owning 59% and White Mountains and Mapfre USA the remaining 24%. Henry Engelhardt would join the board of Compare.