Direct Line poaches another Aviva executive as new finance chief as turnaround continues Insurance Insurer Direct Line has appointed Aviva executive Jane Poole as its new chief financial officer as the firm looks to narrow its losses and cut costs.
What’s next for Direct Line after Ageas abandons takeover attempt? Insurance Direct Line's chief executive Adam Winslow has only been in the job for three weeks but is already making a strong impression.
Direct Line brings back dividend but warns there’s still work to be done Insurance Insurer Direct Line has posted an annual operating loss of £189.5m as it battles claims inflation, while looking to achieve £100m in annualised cost savings by the end of 2025.
Belgians tap up Chinese ahead of possible third bid for Direct Line March 17, 2024 The boss of Belgian insurer Ageas is reportedly flying to China to meet its largest shareholder amid speculation he is trying to gather support to raise its £3.2bn takeover offer for Direct Line after being rebuffed twice.
Direct Line: Top Ageas investor reportedly opposing takeover bid March 14, 2024 One of Ageas' top shareholders is reportedly opposing the Belgian insurer's attempt to acquire London-listed rival Direct Line after it has already been rebuffed twice.
Direct Line rejects ‘highly opportunistic’ raised takeover offer from Ageas March 13, 2024 Direct Line has revealed that it rejected a raised takeover offer from Belgian insurer Ageas earlier this month, calling it "uncertain, unattractive" and "highly opportunistic".
Direct Line to prioritise profits in bid to shake off Ageas interest March 10, 2024 The new boss at Direct Line is is bringing forward his plans for turning around the business in an attempt to rebuff a £3.1bn takeover bid from Belgian insurers Ageas.
Ageas’s interest Direct Line shows just how far the UK’s insurers have come since Covid March 9, 2024 And it is hard to overstate how difficult personal line insurers—by which we mean insurers whose customers are people, as opposed to businesses—like Direct Line, Admiral and Aviva have found business in the post-pandemic era.
Direct Line shares rocket higher after rejecting £3.1bn offer from Belgian peer Ageas February 28, 2024 This morning, Bloomberg reported Ageas had been working with advisers to put together an offer for Direct Line, but had seen its most recent offer rebuffed.
Direct Line looks to recover from torrid 2023 with new chief starting next month February 9, 2024 Winslow will rake in an annual salary of £820,000 and a pension allowance of nine per cent, with additional perks on offer. He will succeed Jon Greenwood, who had served as acting chief executive.