Startup insurer takes Capital One's old space

By Andy Jenks - bio | email
Posted by Terry Alexander - email

HENRICO, VA (WWBT) - A startup insurance company based in Henrico is filling some of the space that Capital One left behind. And despite the economy, plans are in place to double its workforce.

The small but diligent staff at Admiral Americas is still getting used to its new surroundings. The auto-insurer just moved into a new Wyndham-area headquarters, and inherited almost all of the furniture left behind by Capital One. Not bad for a company that has an intense devotion to frugality.

Now it needs people to fill all the extra seats. 19 are on staff now with 40 expected by the fall, when the company intends to start selling auto insurance. 200 are expected on the payroll within two years, but management knows big challenges remain.

"We're doing well from the standpoint of recruiting. We've yet to go live and sell anything yet. So our success is still out on the horizon," said President and CEO Andrew Rose.

Admiral is one example of a company that appears to be growing during a down economy. And it's not the only one...according to recruiters.

"It is happening in more than one location, and it is happening in more than one industry. We have [a] client in technology and he's given us a few openings nationally, and there's more to come," said Angie Furbee, President of Accent Professional Recruiting.

What may sound like good news - also means competition for jobs remains tight.

"Make sure that you have a great resume. Make sure that you present yourself in a professional manner. Do your homework," Furbee said.

While Admiral Americas is what the company is called now, that won't be its brand name. A contest to rename the company is nearly complete, and the results should be announced within the next few weeks.

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