Admiral Group acquires £80m digital fleet MGA Flock
Admiral Group has reached an agreement to acquire Flock, a data-driven fleet insurance specialist.
The transaction values the equity in Flock at £80m and is subject to regulatory approval.
RelatedFlock reveals expansion plans as it looks to grow in the broker space Fleet specialist Flock secures $38m in funding Flock partners with Acorn on taxi fleet insurance productLaunched in 2016 and initially focused on usage-based drone insurance, Flock launched into – and then pivoted – to be a commercial motor fleet specialist after 2020.
Its last fund raise saw it take in $38m (£31.7m) in a series B
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