Direct Line returns to profit despite losing 488,000 motor insurance customers

The company mposted a surplus of £61.6m for the six months leading up to June 30, compared to losses of £76.3m the previous ...
Law

Direct Line GC Steps Down After £3.7B Aviva Acquisition Cleared

Direct Line's GC will leave the company, just as its £3.7 billion acquisition by Aviva is cleared by the CMA. Direct Line’s general counsel is exiting the company, after its £3.7 billion acquisition ...
The Financial Times

Aviva goes direct to Direct Line shareholders

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Aviva has contacted shareholders in Direct Line in a move that could pave the way for a hostile takeover bid ...
Marketing Week

Direct Line claims price comparison launch is a ‘key pillar’ in corporate strategy

Direct Line Group has introduced three new Direct Line branded motor insurance products on price comparison website (PCW) Compare the Market. Covering a range of cover options from ‘essential’ to ...
The Financial Times

Direct Line shares surge 37% after insurer rejects Aviva bid

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shares in Direct Line surged 37 per cent on Thursday after the UK motor insurer rejected a takeover bid from ...
Which

Direct Line car insurance review

Direct Line has been one of the biggest names in car insurance since it launched in 1985 as the first insurance provider to offer policies exclusively by phone. It's part of Direct Line Group, along ...
City A.M.

Direct Line agrees £3.7bn Aviva takeover

Direct Line’s board has agreed to accept Aviva’s £3.7bn takeover of the insurer, bringing to an end the firm’s run as an independent company. In a stock exchange announcement this morning, Direct Line ...
MarketWatch

Direct Line shares surge 42% on rejection of Aviva’s $4.2 billion takeover offer

Direct Line’s shares increased by over 40% on Thursday on hopes its main rival Aviva might submit another higher takeover bid following its decision to reject a £3.3 billion ($4.2 billion) bid from ...
The Guardian

Direct Line issues profit warning as inflation drives up cost of claims

Insurer’s shares fall as higher used car prices, costlier parts and longer repair times weigh on business Direct Line has issued a profit warning, saying that the soaring prices of used cars, parts ...
The Mirror

Direct Line to pay out £30million in compensation after overcharging customers

Direct Line is to pay out around £30million in compensation to car and home insurance customers. Some existing customers were charged more for their renewal than what they would have done if they were ...
Business Wire

Guardian Capital Partners Invests in Direct Line

WAYNE, Pa.--(BUSINESS WIRE)--Guardian Capital Partners (“Guardian”) announced that it invested in SMG Extol, LLC dba Direct Line (“Direct Line” or the “Company”) on February 23, 2018. Guardian ...