Company to add 1,173 new employees to Henrico headquarters
Jeremy M. Lazarus | 6/24/2015, 2:27 a.m.
Good news for area job seekers: A fast growing, Richmond area insurance company plans to add nearly 1,200 new jobs, Gov. Terry McAuliffe has announced.
The company is Elephant Auto Insurance, which moved its U.S. headquarters to Henrico County in 2009 and opened with 40 people.
The company currently employs nearly 400 people to pro- vide sales and service to its rapidly expanding customer base in Virginia and other East Coast states.
Now, the company plans to add 1,173 new employees in the next few years, Gov. McAuliffe stated June 9 during a European trade mission overseas.
He stated that the company will invest $2 million to provide the space at its headquarters to accommodate the new employees. The additional employees would boost the company’s total workforce to 1,600. The growth in jobs is expected to take place over three to five years.
The governor made the announcement after meeting with top officials of Elephant’s parent company, Admiral Group plc, in Cardiff, Wales. Admiral is the third largest insurer in the United Kingdom.
Last year, Elephant had projected growing to 600 employees within three years. The new announcement indicates the company plans to add far more employees than it had projected. The company sells its policies directly to consumers rather than employing agents.