Honorary CBE for insurance chief - BBC News

The American man of affairs who founded an coverage house which uses more than than 2,500 people in Cardiff and Swansea have been presented with an honorary CBE.

Henry Engelhardt, main executive director of Admiral, have been honoured for his services to the coverage industry in Wales.

The company have respective coverage trade names including Elephant and terms comparing website Confused.com.

Admiral unveiled a 24% leap in net income topping £182.1m during 2007.

Welsh Secretary Alice Paul Potato presented the awarding to Engelhardt, 50, on behalf of the Queen at a ceremonial in Cardiff.

"The history of Admiral is one of astonishing growing and invention in Wales," Mister Potato said.

Employment opportunities

"Mr Engelhardt put up the company in 1991 and since then his many accomplishments have got included the development of Admiral's concern in the UK, leading of its strategical and policy way and winning new business.

"Admiral is one of Wales' greatest success narratives and have added greatly to the employment chances in Cardiff, Swansea and the encompassing areas."

The company have launched trading operations in Kingdom Of Spain and Germany.

In September 2004 Admiral's employees received an norm gravy of about £37,000 as the company sold a 10% stake.

In December 2007 Admiral Insurance broke into the FTSE 100 Index of top British companies.