IN BRIEF: Admiral completes sale of US car insurance business
5th Jan 2026 11:52
Admiral Group PLC - Cardiff-based insurer - completes sale of its US motor insurance business to private investment firm JC Flowers & Co for an undisclosed fee. The sale was effective from Wednesday last week. First announced in April last year, the deal includes Elephant Insurance Company and Elephant Insurance Services. Admiral had said in April that the cash consideration represents the approximate net asset value of Elephant, before customary adjustments and transaction and related expenses. Read More