Exciting times in the insurance world! Welsh insurance powerhouse, Admiral, is making headlines again with a mega £80m acquisition of Flock, a cutting-edge digital commercial fleet insurer based in London. This bold move, pending regulatory approval, is expected to be confirmed by mid-year. 🌟
Admiral, headquartered in Cardiff, is diving deeper into the commercial motor market by joining forces with Flock, a firm known for its brilliant use of AI-driven risk models and real-time data to promote safer fleet driving. Their platform has already helped countless vehicle fleets with personalised safety insights. 🚗💡
The acquisition will see Flock’s advanced technology and talented team becoming central to Admiral’s fleet insurance offerings. Ed Leon Klinger, Flock’s CEO, will join Admiral Pioneer’s leadership team. Emma Huntington, CEO of Admiral Pioneer, highlighted the significance of this deal, celebrating it as a fusion of expertise, technology, and shared vision for innovation and customer service. 🤝
Ed is equally thrilled, expressing pride in what Flock has achieved over the past decade and excitement for what lies ahead. This is a monumental day for both companies, as they gear up to reshape the fleet insurance landscape.
Antton Peña, Flock’s founder, also shared his enthusiasm, emphasising the evolving fleet industry and the potential for growth alongside Admiral. This partnership marries the best of Flock’s technological prowess with Admiral’s stellar service – an offering that promises to be stronger and more inclusive for fleets and brokers alike. 🚀
Stay tuned for how this dynamic duo revolutionises fleet insurance! 📰✨