Richmond lands headquarters for UK-insurer

UK-based car insurance firm, Admiral, announced plans this week that they have chosen Richmond as headquarters for their newly formed subsidiary Admiral Americas.

The company will start doing business across the pond sometime this year. They will hire up to 50 people by the third quarter, and employ as many as 200 by the end of next year, according to a press release issued by the Greater Richmond Partnership.

Some job listings have already appeared online.

The company will lease 26,000 square feet somewhere in the Innsbrook area, according to the release.

Admiral, which is the third-largest auto insurer in Britain, posted a 14 percent net gain in profits last year for a total of $204.7 million U.S. currency, according to Bloomberg.

Richmond was chosen over a list of cities that include Charlotte, Dallas, and Chicago during a six month search.

Andrew Rose, CEO of Admiral Americas, said Richmond was ultimately chosen for its cost-effective real estate and quality labor force.

UK-based car insurance firm, Admiral, announced plans this week that they have chosen Richmond as headquarters for their newly formed subsidiary Admiral Americas.

The company will start doing business across the pond sometime this year. They will hire up to 50 people by the third quarter, and employ as many as 200 by the end of next year, according to a press release issued by the Greater Richmond Partnership.

Some job listings have already appeared online.

The company will lease 26,000 square feet somewhere in the Innsbrook area, according to the release.

Admiral, which is the third-largest auto insurer in Britain, posted a 14 percent net gain in profits last year for a total of $204.7 million U.S. currency, according to Bloomberg.

Richmond was chosen over a list of cities that include Charlotte, Dallas, and Chicago during a six month search.

Andrew Rose, CEO of Admiral Americas, said Richmond was ultimately chosen for its cost-effective real estate and quality labor force.

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The man
The man
13 years ago

The Admiral in the picture looks more like a pirate. And the creepy smirk…should be a smile with the 204.7 million they netted in 2008

Jack Sparrow
Jack Sparrow
13 years ago

Oh dear,
Everybody knows that pirates hang out with parrots. Obviously that’s a cockatoo in the picture with the Admiral so therefore looks absolutely nothing like a pirate. As for the 204.7 million – now that’s some booty.