Carole Nash, a lifelong Manchester City enthusiast, once pipped Manchester United’s manager, Sir Alex Ferguson, to a 23,000 Lowry painting at auction. She could manage it. After her employer closed its classic motorcycle insurance novel, Nash, 69, took on the account and used her redundancy payment to found an insurance broking company in 1985. Employee Turnover at Carole Nash Insurance Consultants was 834 in the first month but now the Cheshire company claims to insure a third of Britain’s bikes, that range from modern superbikes to classic Harleys.
Carole Nash Net Worth $97.5 Million
Her company’s entry to the automobile insurance market, with all the addition of services such as alarm fitting along with a dedicated repair center, fostered the company. The AA’s motorcycle insurance company was acquired in 2004. Nash sold her company to Groupama UK, a subsidiary of a French insurance company, in December 2006. Though no details of the deal were revealed, the price was reckoned to be 70m. The Nash family, who’d received 15m of directors’ pay since 1998, possessed it all.