Page last updated at 10:41 GMT, Wednesday, 25 June 2008 11:41 UK

Insurance firm creates 400 jobs

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Admiral's operations director Nicolas Wengkan explains the expansion plans

An insurance company is creating 400 jobs over the next three years at a new office in south Wales.

Admiral Insurance is moving into a new base at Langstone Business Park, just off the M4 in Newport, later this year.

The company is already a large employer in Wales with 1,500 people in Cardiff and 1,100 in Swansea.

The Newport site, which will initially host a claims department with around 90 staff, will include management posts, injury case workers and call handlers.

Huw Llewellyn, Admiral's group facilities manager, said: "The opening of new offices was inevitable as part of our ongoing expansion.

"And our commitment to south Wales's major cities meant that Newport was an obvious choice.

"We're very proud to be based in Wales and it's fantastic that we don't have to look outside for offices in such excellent surroundings."

Growing

Admiral, which is also taking additional space in buildings in Cardiff and Swansea, has already recruited more than 400 people this year for its claims, customer services, sales and renewals departments.

With a turnover of 824 million last year, Admiral is the only firm with Welsh headquarters in the FTSE 100 list of Britain's top companies.

The company, which also has operations in Spain, Germany and Italy, owns several insurance brands including Elephant and price comparison website Confused.com.

Henry Engelhardt, the American businessman who founded Admiral, was this year presented with an honorary CBE for his services to the insurance industry in Wales.




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