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American billionaire businessman From Wikipedia, the free encyclopedia
Henry Allan Engelhardt (born January 17, 1958) is an American businessman, and the founder and former chief executive of Admiral Group, a Welsh motor insurance company. He was credited as driving the company in to a position where it became one of Britain's most valuable companies and stepped down as chief executive in 2016 to make way for a younger management team to take the group forward.[1]
Henry Engelhardt | |
---|---|
Born | Henry Allan Engelhardt January 17, 1958 Chicago, Illinois, U.S. |
Alma mater | University of Michigan INSEAD |
Occupation | Businessman |
Years active | 1979–present |
Title | Chief executive, Admiral Group plc |
Term | 2004–2016 |
Successor | David Stevens, CBE |
Spouse | Diane Brière de l'Isle |
Children | 4 |
Engelhardt was born to a Jewish family on January 17, 1958, in Chicago,[2] the son of Annette (née Bernstein) and Sheldon Arthur Engelhardt.[3] His father owned a successful meatpacking operation in Chicago.[3] He has a sister and a brother, Karen Engelhardt Stern and Joel Engelhardt.[3] He attended Evanston Township High School,[2] and was educated at the University of Michigan, and has a joint degree in journalism and radio, television and film.[4] He followed his French girlfriend (now wife) to Europe where he studied for an MBA at Insead.[4]
Engelhardt became part of the founding team at Churchill Insurance, where he developed his way of doing business.[5]
In 1993, he launched Admiral Group.[6] In 1999, he led a management buy out of the business[6] which has since become a constituent of the FTSE 100 Index.[7]
In September 2012, the Engelhardt family owned more than 14% of Admiral Group.[8]
In March 2017, he became CEO of Elephant Insurance Services, a US subsidiary of Admiral Group.[9]
In 2021 Engelhardt was made an independent non-executive director of the Welsh Rugby Union.[10]
Engelhardt is married to Diane Briere de L'isle; they have four children.[3] The family lives in Cardiff, Wales.[11]
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