Direct Line Group
Direct Line acquires By Miles
Direct Line Group has acquired By Miles, the insurtech managing general agent and provider of real-time pay-by-mile insurance policies.
Commercial grows at Direct Line as group falls to £45m loss
Direct Line grew commercial business across NIG and its own direct brands by 14.7% in 2022 to £749.3m of gross written premium.
Former NIG boss Greenwood named Direct Line acting CEO as James steps down
Direct Line Group has appointed Jon Greenwood as acting CEO following Penny James stepping down from the permanent role with immediate effect.
Aviva hit with extra claims costs from cold weather snap
Aviva has estimated that freezing weather in the UK during December will cost the insurer around £50m at a group level.
Why Direct Line's disastrous profit warning should matter to brokers
Direct Line's profit warning sent shockwaves through UK insurer's share price yesterday, with Aviva and Admiral also suffering. Personal lines brokers should notice the problems Direct Line faces, as they are industry-wide and give insight into what to…
ABI publishes new Blueprint to help improve diversity and inclusion
The Association of British Insurers has published a new Blueprint which sets out a multi-year strategy and work plan to improve diversity, equity and inclusion across the insurance and long-term savings industry.
No major impact on insurers by inflation: report
Plenum Investments’ 2022 half year report has shown that inflation has not had a serious impact on the insurance sector, except for UK motor insurers, and higher interest rates gave led to an improvement in Solvency II positions.
Biba and FCA call off events in light of Queen Elizabeth's death
The British Insurance Brokers’ Association and the Financial Conduct Authority have decided to postpone events that were scheduled before the funeral of Queen Elizabeth II.
Insurers and brokers pay their respects to Queen Elizabeth II
Insurance brokers and insurers have paid their respects following the death of Queen Elizabeth II yesterday.
Experts warn that cost of living crisis could increase ghost broking cases
The sky-rocketing cost of living and the longer term economic effects of the pandemic could lead to an increase in ghost broking, experts have warned.
Ageas adds Neil Mercier as head of standard motor
Neil Mercier has been appointed as head of standard motor at Ageas as it seeks to consolidate its position in the personal lines space.
FCA warns on broker clone
Colin Halliday, managing director of Trade and Commercial Broking Services, has praised the work of the Financial Conduct Authority and Ten Insurance after being targeted by a clone website.
FCA warns of Direct Line clone
Regulator flags Direct Line Sustainability to customers.
NIG posts policy count and GWP rise for 2021
Owner DLG reported gross written premiums of £3.17bn with profit after tax of £343.7m.
FCA names Penny James as chair of its Practitioner Panel
The Direct Line boss succeeds Paul Feeney, CEO of Quilter.
HMRC flags potential code of conduct for brokers in IPT consultation update
Government outlines the next steps and details responses from industry stakeholders, including brokers, insurers and trade bodies.
People Moves: 4-8 October 2021
Keep up to date with the latest people moves.
NIG grows 16.4% in H1 2021
Direct Line Group reported that its commercial division, including NIG, delivered an increased operating profit of £43.6m.
HRH The Prince of Wales launches insurance task force to fight climate change
The task force, chaired by Lloyd's, is comprised of insurance executives and aims to provide a platform for the sector to collectively advance the world’s progress towards a resilient, net-zero economy.
People Moves: 24 - 28 May 2021
Stay up-to-date with the latest personnel changes in the world of insurance.
People Moves: 10 - 14 May 2021
There was still time for some recruitment news in the week the Biba conference took place.
NIG sees premium growth in H1 as Direct Line posts profit fall
CEO Penny James comments on the provider's Covid-19 strategy as COR improves but in-force policies reduce.
Direct Line buys start-up broker Brolly
The Brolly team, including founder Phoebe Hugh, is set to move across to Direct Line once the deal is completed.
Profits fall at Direct Line in 2019
COR deteriorated to 92.2% as provider says results were impacted by Ogden and restructuring costs.