Direct Line boss gets £7.8m pay packet despite surging insurance costs

Direct Line’s boss landed a bumper payday in 2024 despite spiralling prices for customers and hundreds of job cuts, as he ...
Reuters

Aviva set to buy Direct Line to create $21 billion British insurer

LONDON, Dec 6 (Reuters) - British insurer Aviva (AV.L), opens new tab has agreed to buy smaller rival Direct Line (DLGD.L), opens new tab in a sweetened 3.61 billion pound ($4.60 billion) ...
Bloomberg L.P.

Aviva Agrees to Buy UK Insurer Direct Line for £3.7 Billion

Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer. Each Direct Line shareholder will be ...
Reuters

Direct Line to cut 550 jobs amid motor insurance woes

Plans to deliver 50 mln stg in cost-savings through layoffs Loses 71,000 own-brand motor customers in quarter Shares reverse course from early gains of 1.2% Nov 11 (Reuters) - Direct Line Insurance ...
MoneyWeek

Aviva agrees to buy Direct Line in £3.6bn insurance deal: is it time to buy shares?

Aviva and Direct Line Group have agreed a sweetened cash, shares and dividends deal that will see Aviva acquire its rival and capture more than a fifth of the combined UK motor insurance market. The ...
MoneyWeek

Direct Line returns to profit but loses almost 500,000 customers - here is what it means

Direct Line has returned to profit but failed to match analyst expectations after losing almost half a million motor insurance customers. The insurer posted a pre-tax profit of £61.6m for the six ...