Archive

Direct Line reports strong premium growth amid turnaround efforts

The insurer declared £3,7bn in gross written premiums in 2024

Aviva's profit climbs 20% as sales rise across the board

UK insurer wrote £7.8bn of bulk annuities with better IRR than before

Lloyd's appoints Alexandra Cliff as chief financial officer

Direct Line board accepts £3.6bn takeover offer from Aviva

Raising of last week's bid by 10% convinces Direct Line's board

Direct Line rejects Aviva's "highly opportunistic" takeover offer

Insurer had offered a cash and share deal worth 250 pence per Direct Line share

UK regulator launches probe into home and motor insurance premium financing

Annual interest charges can be up to 30%, says Financial Conduct Authority

Direct Line begins recovery, promises more next year

Investors sceptical about upturn of net insurance margin

Direct Line admits solvency capital ratio miscalculation

The UK insurer found the mistake while preparing its H1 2024 results

UK's "dynamic" general insurance stress test will assess real-time reactions to events

Firms will be handed a sequence of stresses over three weeks in May 2025

Direct Line changes gears with launch on price comparison websites

CEO Adam Winslow admitted Direct Line Group had previously suffered from an "overreliance" on direct sales