Brockbank to sell Admiral.
Direct motor insurer Admiral Insurance Services has been put up for sale by the Brockbank Group, own...
Direct motor insurer Admiral Insurance Services has been put up forsale by the Brockbank Group, owned by Bermuda-based Mid Ocean Re.
It is understood that the Lloyd's motor insurer has been put on the market
in readiness for Mid Ocean's takeover by Bermudian rival Exel. A UK
personal lines insurer would not fit with Exel's international book of
business.
Admiral commands a gross written premium of about £100m and Brockbank is
believed to already be in negotiations with several interested
parties.
An
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