Henrico-based Elephant Insurance to be sold to private equity firm

Henrico-based Elephant Insurance to be sold to private equity firm

HENRICO COUNTY, Va. -- The UK-based parent company of Elephant Insurance has struck a deal to unload the Henrico-based auto insurer in a transaction that would bring the companys ownership stateside.Admiral Group PLC announced Tuesday it has entered into an agreement to sell its U.S. motor insurance business, including Elephant Insurance Co. and Elephant Insurance Services, for an undisclosed amount to J.C. Flowers & Co., a private investment fi…

JC Flowers to acquire Admiral Group’s US motor business

Admiral Group has entered into a definitive agreement to sell its US motor insurance operations, comprising Elephant Insurance Company and Elephant Insurance Services, to JC Flowers, a private investment firm specialising in the financial services sector. The transaction, for an undisclosed cash consideration (subject to customary adjustments and transaction-related expenses), represents approximately the net asset value of Elephant. Completion …

Deal Roundup: GTO Partners picks up Denmark's Complea, JC FLowers buys Elephant Insurance from Admiral

Pan-European, technology-focused private equity firm GTO Partners has acquired a majority stake in Danish IT company Complea. The business provides IT and digitalisation services to private and public enterprises. GTO managing partner Federico Canciani said, “Complea has built a highly successful business rooted in strong values, technical excellence, and a deep commitment to its customers… […] The post Deal Roundup: GTO Partners picks up Denmar…

Locally based Elephant Insurance to be sold to N.Y.-based private equity firm - Richmond BizSense

Elephant Auto Insurance launched in 2009. (BizSense file photo) The UK-based parent company of Elephant Insurance has struck a deal to unload the Henrico-based auto insurer in a transaction that would bring the company’s ownership stateside. Admiral Group PLC announced Tuesday it has entered into an agreement to sell its U.S. motor insurance business, including Elephant Insurance Co. and Elephant Insurance Services, for an undisclosed amount to …

Admiral Group to Sell Elephant Insurance Company to J.C. Flowers - CollisionWeek

Admiral Group plc announced today that it has entered into an agreement to sell its U.S. auto insurance business, including Elephant Insurance Company and Elephant Insurance Services, to J.C. Flowers & Co., a global private investment firm dedicated to investing in the financial services industry, for an undisclosed sum. The transaction is subject to regulatory …

Admiral Group to sell its US motor insurance business to J.C. Flowers

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 and transaction, and related expenses) representing approximately the net asset value of Elephan…