Update: UK Insurer Direct Line Rejects Ageas’ Sweetened Buyout Proposal March 13, 2024 By Eva Mathews and Carolyn Cohn Britain’s Direct Line said on Wednesday it had rejected a revised 3.17 billion pound ($4.06 billion) takeover bid from Belgian...
Insurer Ageas Recruits Extra Adviser as it Pursues Direct Line Bid March 8, 2024 By Pablo Mayo Cerqueiro and Amy-Jo Crowley Belgian insurer Ageas has brought in an additional adviser as it presses ahead with a potential takeover offer for Britain’s...
UK Plc Attracts Wave of Takeover Offers From Foreign Suitors March 1, 2024 By Alexandra Muller and Dinesh Nair The UK has become a hotbed for mergers and acquisitions this year as dealmakers hunt for bargains in the country’s...
Direct Line Rejects ‘Unattractive’ £3.1 Billion Bid From Ageas February 28, 2024 By Jan-Henrik Förster and Pamela Barbaglia Direct Line Insurance Group Plc said its board unanimously rejected a bid from Ageas, describing the offer as “uncertain” and...
UK’s Direct Line Group Names Aviva’s Winslow as Group Chief Executive Officer August 30, 2023 UK insurer Direct Line Group announced that Adam Winslow has been appointed as chief executive officer, subject to regulatory approval....
Car Premiums to Rise Again as British Insurers Feel the Heat August 30, 2023 By Irina Anghel and Laura Benitez Motorists in Britain should brace for another year of steep insurance rises as providers confront cost pressures, industry figures have...
British Motor Insurer Direct Line’s CEO James Steps Down January 27, 2023 Direct Line Insurance Group’s chief executive of nearly four years, Penny James, will step down with immediate effect after the...
European Insurers Are Having a Rough Time This August – Here’s Why… August 29, 2019 By Jan-Patrick Barnert European insurers are having a rough time. Already carrying the burden of low yields eroding their investment income, disappointing earnings...
Just Like Many British Homes, UK Insurers’ Shares Are Subsiding This Summer September 28, 2018 By Joe Easton Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country’s non-life insurers sector had...
U.K.’s Direct Line 2014 Profit Misses Estimates on Less Premiums Written March 3, 2015 By Sarah Jones Direct Line Insurance Group plc reported 2014 pretax profit that missed analyst estimates as the British home and car insurer...