Reinsurance News
Admiral Group
Admiral Group to broaden its motor offering with Flock acquisition
13th February 2026
Admiral Group, an UK-based insurance company, has reached an agreement to acquire Flock, a digital commercial fleet insurance provider. Valued at £80 million, the acquisition, subject to regulatory approval, gives Admiral access to Flock’s innovative telemetry technology, which tracks vehicle data in real time. Flock’s digital platform uses proprietary AI-driven risk models ... Read the full article
Admiral Group completes sale of US motor business Elephant to J.C. Flowers
5th January 2026
UK domiciled insurer Admiral Group has completed the sale of its US motor insurance business, including Elephant Insurance Company and Elephant Insurance Services (Elephant), to J.C. Flowers & Co., a global private investment firm dedicated to investing in the financial services industry. Admiral initially announced the deal back in April ... Read the full article
Admiral Group to sell its US motor insurance business to J.C. Flowers
22nd April 2025
UK domiciled insurer Admiral Group plc has agreed to sell its US motor insurance business, including Elephant Insurance Company and Elephant Insurance Services, to J.C. Flowers & Co., a global private investment firm in the financial services industry. The transaction has been agreed for an undisclosed cash consideration (before customary adjustments ... Read the full article
Berkley’s Admiral Insurance names Ben Rosenthal as Vice President of Excess Casualty
16th September 2024
Admiral Insurance Group, a Berkley subsidiary, has appointed Ben Rosenthal as Vice President of Excess Casualty, following the establishment of Admiral's Excess Casualty Department, led by Brian Lineberger, a year ago. Rosenthal's addition will enable Admiral to continue meeting the growing demand for excess casualty by connecting with wholesale brokers in ... Read the full article
Regulatory concerns impact Admiral & Direct Line as FCA considers crackdown
19th January 2024
Admiral and Direct Line, key players in the UK auto and home insurance sector, are facing potential profit challenges following warnings from the Financial Conduct Authority (FCA). Bloomberg Intelligence (BI) reports that the FCA's scrutiny on companies charging customers for monthly auto insurance premiums may impact the financial performance of these ... Read the full article
Intact and RSA sell UK direct Personal Lines operations to Admiral
7th December 2023
Intact Financial Corporation and its subsidiary RSA have reached an agreement to sell RSA’s UK direct Personal Lines operations, representing approximately £165 million of annual premiums, to Admiral Group. The transaction will result in the transfer of renewal rights, brands and employees, and has been approved by the Boards of Directors ... Read the full article
Root partners with Admiral’s Connect to offer embedded insurance solutions
9th November 2023
Root, an end-to-end digital insurance platform, has announced its first strategic partnership in the UK with Connect, a subsidiary of the leading insurer Admiral Group, to develop an embedded insurance platform. Connect is an API-first embedded insurance platform, developed to make it easy for businesses to incorporate insurance solutions into their ... Read the full article
Munich Re offloads more Admiral shares
11th November 2022
Munich Re, one of the world's largest reinsurance companies, has lowered its stake in London-based insurer Admiral to roughly 1.8%. The German reinsurer has sold a further 7.4 million shares in Admiral in a placing at 2,023p per share. It comes roughly a year after Munich Re sold 12.1 million shares, ... Read the full article
SCR ratio reduction unlikely to have significant impact: GlobalData
9th November 2022
Solvency capital requirements for UK insurers may be relaxed in the near future following the September 2022 mini budget, but according to GlobalData, findings have shown that leading UK insurers are not coming close to the existing limits. GlobalData stated that as part of the mini-budget, the current Solvency Capital Requirement ... Read the full article
Admiral names Chief Risk & Compliance Officer
18th July 2022
UK insurer Admiral Group has announced the appointment of Keith Davies as Group Chief Risk and Compliance Officer with effect from September 2022. He will be responsible for developing and overseeing Admiral’s Risk and Compliance functions and frameworks, reporting to Milena Mondini de Focatiis, Admiral’s Group CEO. Davies has extensive experience in ... Read the full article
Daniel Smyrl named president of Admiral Insurance Group
29th October 2021
W. R. Berkley Corporation has appointed Daniel Smyrl as president of Admiral Insurance Group. He succeeds Curtis Fletcher, who has been named chairman of Admiral. Smyrl joined Admiral in 2002 and most recently served as executive vice president of underwriting. He has nearly 40 years of commercial property and casualty insurance experience in ... Read the full article
Munich Re sells 12.1 million Admiral shares, reducing holding to 6%
27th October 2021
German reinsurer Munich Re has sold 12.1 million shares, or 4% of its holding in UK-based insurer Admiral Group at a price of £29.40 per share, leading the carrier's share price to fall by 5.5% on Wednesday morning to £28.80. At 9am, the FTSE 100 index of leading shares was 7 ... Read the full article
Admiral Group sells price comparison sites to RVU
29th December 2020
Admiral Group has agreed to sell its Penguin Portals business, comprising online comparison portals Confused.com, Rastreator.com and LeLynx.fr, to ZPG Comparison Services Holdings UK Limited (RVU). As part of the transaction, RVU will also acquire tech unit Admiral Technologies, as well as Admiral’s 50% share of Preminen Price Comparison Holdings Limited. Alongside ... Read the full article
Admiral Group completes CEO succession
14th December 2020
Insurer Admiral Group has completed a successful handover of duties to the Group CEO Designate, Milena Mondinide Focatiis. This appointment follows the retirement of current Admiral Group CEO, David Stevens who will step down from his position and as a director of Admiral Group on 31st December. He will continue to work ... Read the full article
Admiral CEO David Stevens to retire, successor named
5th March 2020
Admiral Group's Chief Executive Officer David Stevens has announced his retirement from the company after nearly 30 years of service. Stevens co-founded the insurer in 1991 before stepping into the CEO role in 2016. Upon his retirement in 12 months’ time, Stevens will be replaced by Milena Mondini de Focatiis, the group’s ... Read the full article
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