Direct Line Group
Quindell and Direct Line Group in £150m deal
Quindell Portfolio has signed an outsourcing services deal with Direct Line Insurance Group.
NIG owner’s commercial COR drops to 105.3%
Direct Line Group, owner of NIG and Direct Line for Business, has reported a combined operating ratio of 105.3% for the first half of 2013, an improvement on the 112.7% in the same period last year.
CII officially unveils Direct Line's Woolgrove as president
The Chartered Insurance (CII) has officially unveiled Tom Woolgrove as president, succeeding Amanda Blanc.
NIG e-trading director Thornton to leave in October
NIG's e-trading director Ben Thornton will leave in October, it has been confirmed.
Direct Line poised to cut 2,000 jobs despite surpassing cost-saving target
Direct Line Group is poised to cut a further 2,000 jobs as part of the next stage of its restructuring bid despite exceeding its cost-saving target.
DLG sees profits rise as UK motor GWP takes a hit
Direct Line Group has reported a combined operating ratio (COR) of 98% for the first quarter of 2013, a 6.5% improvement on the COR posted in Q1 2012.
Swinton's HR director ends 26-year stint at broker
Swinton's HR director Donna Winrow has ended her 26-year stint at the broker "to explore other opportunities", Insurance Age can reveal.
Direct Line Group chief Geddes paid £1.9m in 2012
Paul Geddes, chief executive of Direct Line Group, received £1.861m total remuneration in 2012.
Direct Line Group reports dip in GWP while COR improves
Direct Line Group (DLG) has reported a drop in gross written premium (GWP)for 2012, at £3.99bn down from £4.13bn in 2011.
Keep calm and carry on
Within the space of 10 minutes yesterday more than 350 jobs were effectively chopped.
90 jobs hang in balance at NIG
Around 90 roles are at risk at NIG’s regional offices as Direct Line Group moves forward with the third stage of its cost-cutting plans.
Direct Line rues "subdued" investment returns
Direct Line Group has rued "subdued" investment returns as its profits fell for the first nine months of the year.
NIG sales director out in management reshuffle
Direct Line Group has confirmed that Dave Parry is standing down as sales and distribution director at NIG.
NIG to create senior business development roles
NIG will create senior business development manager (SBDM) roles to replace the broker-facing positions set to be lost as part of parent Direct Line Group's cost-cutting drive.
Direct Line reveals 175p share price
Direct Line Group has floated at a price of 175p per share, valuing the company at £2.6bn.
RBS finds buyers for first 33% stake in Direct Line
RBS has found buyers for the 33% stake in Direct Line it is selling to stock market investors.
Speculation mounts around Direct Line flotation
Direct Line Group could tomorrow announce its intention to float on the London Stock Exchange, according to reports.
Insurers named and shamed by FOS
UK Insurance, part of Royal Bank of Scotland, racked up the highest number of general insurance complaints referred to the Financial Ombudsman Service (FOS) according to new figures.
Duke Street Capital founder could bid for Direct Line
The founder of Duke Street Capital has registered his interest once again in snapping up Direct Line, the Daily Telegraph has reported.
Direct Line insists brokers will see "no change" from NIG
Brokers will see "absolutely no change" in their dealings with NIG, Direct Line Group has insisted in the wake of its cost-cutting measures unveiled today.
Up to 900 jobs at risk as Direct Line announces cost-cutting bid
Direct Line Group has announced the proposed redundancy of almost 900 staff as part of the ‘first phase' to try to slash administration costs and boost efficiency.
Direct Line ends private equity talks ahead of float
RBS is poised to reveal details of the flotation of Direct Line in a matter of weeks having ended talks with potential private equity investors, according to reports.
HNW intermediaries facing bank and direct provider threat
High net worth (HNW) insurance intermediaries are coming under increasing market share pressure from banks and direct providers, according to research published today by Defaqto.
Direct Line overcomes weather claims to post £135m profit
Direct Line Group overcame "worse-than-expected" home weather claims to post an operating profit of £135m during this year's second quarter.