The insurance company, which is one of the country’s major employers, is creating another 193 jobs thanks to
The new jobs will be created as part of Admiral’s move into the personal lending market, which will see the company offer various new products over time through an online platform including personal loans and car finance.
The 193-customer service and sales posts will be created following Admiral’s successful application for a grant of £668,500 from the Business Finance scheme to aid job creation.
The company currently employs over 9000 people across eight countries, with over 6000 of them in Wales.
The Cabinet Secretary for Economy and Infrastructure Ken Skates welcomed the news, saying: “Admiral is committed to expanding its operations in Wales. We appreciate its continued presence as a major employer here, and consider this funding a worthwhile investment.”
“Welsh Government funding for this new range of products ensured the jobs are created and stay in Wales. I congratulate Admiral on its continued growth and job creation which is a great advertisement for service delivery in Wales.”
Admiral Chief Financial Officer Geraint Jones, commented: "Wales is one of the fastest growing financial services centres in the UK and Admiral is delighted to be able to launch its new venture into the lending market here in our home city of Cardiff."
The car insurance firm reported last month that it had an increase in pre-tax profits of 2% to £193m for the first half of 2017.
The group, which is also Wales’ only FTSE-listed company, reported a rise in turnover of 15% to £1.45bn for the six months to June 30.
The results meant that more than 9,000 staff were in line to receive £1,800 in free shares under the group’s employee share scheme.