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.
Shares in Admiral and Direct Line sink after FCA regulator takes aim at premium finance January 10, 2024 In an interview with Insurance Post, Matt Brewis, head of insurance at the Financial Conduct Authority (FCA), described premium finance as a "poor product".
PRA hits back at claims it has been ‘captured’ by insurance sector September 13, 2023 The head of the banking and insurance regulator today rebuffed accusations that it had been "captured" by the insurance industry as it considers major reforms to the sector.
Direct Line agrees to major review after overcharging customers £30m September 1, 2023 Direct Line has agreed to a major review of pay redress to customers today after admitting an error in the calculation of new insurance rules meant it overcharged customers by some £30m.
FTSE 100 close: Markets close in the green despite US jobs data pointing to possible recession April 5, 2023 London’s blue chip index ended in the green on Wednesday despite weak data from the US raising the risk of a recession. The capital’s premier index closed 0.37 per cent higher at 7,662.94 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, ended 1.14 per [...]