UK Insurer Aviva Said to Boost Direct Line Takeover Bid to £3.4 Billion December 5, 2024 Aviva Plc has increased its offer for Direct Line Insurance Group Plc to about £3.4 billion ($4.4 billion), days after...
UK Motor Insurer Direct Line to Cut 550 Jobs in Turnaround Bid November 12, 2024 By Gabriela Mello Direct Line Insurance Group Plc, the UK insurer that rejected a takeover attempt by Belgian rival Ageas SA earlier this...
Ageas Says It Won’t Make Third Offer for Direct Line Insurance March 25, 2024 By Michael J.Moore Ageas said it will halt its pursuit of UK insurer Direct Line Insurance Group Plc after two takeover proposals were...
UK Insurer Direct Line Posts Operating Loss as it Grapples With Auto Claims Inflation March 21, 2024 By Carolyn Cohn Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the...
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...