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...
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 Insurers’ Shares Fall Sharply as Direct Line Scraps Dividend January 11, 2023 By Carolyn Cohn Shares in Direct Line lost more than a quarter of their value on Wednesday after the British motor and home...
UK Motor Insurer Direct Line to Raise Premiums After H1 Profit Hit August 2, 2022 By Carolyn Cohn British motor insurer Direct Line is raising premiums after higher claims hit its first-half profits, as the company feels the...
UK Auto Insurer Admiral Reinstates Special Dividend as Claims Drop During Lockdown August 12, 2020 Insurer Admiral reinstated its special dividend on Wednesday as it reported a jump in first-half earnings, the latest car insurer...
UK Insurer Direct Line’s H1 Profits Beat Forecasts as Auto Claims Drop During Lockdown August 4, 2020 By Muvija M Insurer Direct Line gave a double bonus to shareholders on Tuesday as first-half profits beat expectations due to a slump...