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Admiral Group May Branch Into Legal Services, Telegraph Reports

Dec. 11 (Bloomberg) -- Admiral Group Plc, the Cardiff, England-based motor insurer, may branch into the legal sector as it faces up to the loss of referral fees, the Telegraph said.

The company may set up its own personal injury law firm or become a major backer in one after implementation of the Legal Services Act in October, which widened the provision of legal work to new sources including retailers, banks and insurers, the newspaper reported. Plans are at an early stage and several options are being considered, the Telegraph said.

To contact the reporter on this story: Tony C. Dreibus in London at tdreibus@bloomberg.net.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net.

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