Direct Line Insurance Group News

Prices Start to Stabilize in UK Auto Market

Direct Line Insurance Group plc Chief Executive Officer Paul Geddes said the company had started to see prices stabilize in the U.K.’s competitive motor insurance market. Prices for its auto business were unchanged in the three months to Sept. 30, …

Direct Line in Talks to Sell Italy, Germany Units; Shares Surge

Direct Line Insurance Group Plc, the U.K.’s biggest home and motor insurer, said it was in talks to sell its units in Germany and Italy. The shares climbed the most since its initial public offering in October 2012. The discussions …

Direct Line Says Cost of U.K. Floods Could Reach $183.6 Million

Direct Line Insurance Group Plc, seen as one of the insurers most vulnerable to losses from the recent U.K. storms, said weather claims may cost as much £110 million ($183.6 million) as full-year profit jumped. Pretax profit rose to £423.9 …