Brockbank to sell Admiral.

Direct motor insurer Admiral Insurance Services has been put up for
sale 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

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: