Admiral Group acquires £80m digital fleet MGA Flock
- Insurance
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- 2 minutes read
Admiral Group has reached an agreement to acquire Flock, the data-driven fleet insurance specialist.
The transaction values the equity in Flock at £80m and is subject to regulatory approval.
Launched in 2016 and initially focused on usage-based drone insurance, Flock launched into – and then pivoted – to be a commercial motor fleet specialist after 2020.
Its last fund raise saw it take in $38m (£31.7m) in a series B funding led by Octopus Ventures in February 2023.
In recent years it has partnered with the Acorn Group to launch a taxi fleet insurance product and NIG (now Intact) to open it up to
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