Admiral to acquire Luko.

Admiral, an international financial services company, to acquire Luko, an online insurance company. Financial terms were not disclosed. "As part of the Admiral Group, we can accelerate our development and capitalise on the expertise of the Group's French subsidiary, L'olivier Assurance. Volume, diversification and differentiation are key pillars in the insurance market and I look forward to working closely with colleagues around the Group to achieve our common vision," Raphaël Vullierme, Luko Founder and CEO. This transaction does not include Luko’s real estate, or German or Spanish operations.