Price comparison business Chiarezza sold to French broker BlackFin

Admiral chief executive Henry Englehardt

Motor insurer Admiral has sold its Italian price comparison business, Chiarezza, to French broker BlackFin Assurance Courtage.

The sale follows a review of Chiarezza, which Admiral announced in March along with its full-year 2011 results.

As at the end of December 2011 Chiarezza had gross assets of £1.3m.

Admiral says the sale will have no impact on its Italian motor business, ConTe, which will continue operating as usual.

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