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The Latest Breaking News from Direct Line

Direct Line bosses stepping down in leadership reshuffle ahead of Aviva tie-up

Chief executive Adam Winslow and chief financial officer Jane Poole have both agreed to leave when the takeover completes.

The Independent UK

Aviva set to complete £3.7bn takeover of Direct Line after CMA decision

The takeover has also caused concerns among workers at the two firms

The Independent UK

Aviva set to complete £3.7bn takeover of Direct Line in July

The combined group will be a significant force in the motor insurance sector, estimated to cover more than a fifth of the total UK market.

Evening Standard

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UK watchdog launches investigation into Aviva’s £3.7bn takeover of Direct Line

CMA has up to 40 working days to evaluate agreement’s possible impact on competition in insurance sector

The Guardian - UK

Probe into Aviva’s £3.7bn deal for Direct Line launched by competition watchdog

The Competition and Markets Authority will look at whether the deal could result in a ‘substantial lessening of competition’ in the sector.

Evening Standard

Britain’s biggest pawnbroker H&T snapped up by US firm for £297m; Goldman Sachs lifts UK and eurozone growth forecasts – as it happened

China issues warning to UK over terms of US trade deal, saying it is a ‘basic principle’ that bilateral agreements should not target other nations

The Guardian - UK

Direct Line chasing me over dead uncle’s cancelled car insurance

Bereaved executor questions lack of tact and why insurer was not alerted by closed bank account

The Guardian - UK

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Belgian insurer Ageas acquires UK’s Esure from Bain Capital for €1.5bn

The deal will create the third largest motor and home insurer in the UK.

Euronews

Belgian insurer buys Sheilas’ Wheels owner Esure in £1.3bn deal

Ageas acquisition will unite two ‘complementary’ firms to create UK’s third-biggest home and motor insurer

The Guardian - UK

Sheilas’ Wheels owner bought by Belgian insurer in £1.3bn deal

Esure has been bought by Ageas, as the Belgian group looks to get more exposure to the UK personal lines insurance market.

Evening Standard

Bedbug infestations spark surge in pest control call-outs across UK

New data from Direct Line shows councils responded to an additional 52 rat or mouse-related call-outs per day in 2024

The Independent UK

Local authority pest control call-outs up 3% over a year

Councils responded to an additional 52 rat or mouse-related call-outs per day last year compared with 2022, figures show.

Evening Standard

Would you risk stealing a rottweiler? More and more criminals are prepared to …

Almost three times as many rottweilers were stolen in the UK in 2024 as in 2023. Why would anyone want to mess with 60kg of unhappy guard dog?

The Guardian - UK

Direct Line boss gets £7.8m pay packet despite surging insurance costs

Adam Winslow was handed the deal as the company prepares for a £3.7 billion takeover by rival insurer Aviva.

Evening Standard

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The Independent UK

Direct Line hails turnaround as average motor cover prices up

The insurance giant is preparing to be bought by rival insurer Aviva after agreeing to a tie-up.

Evening Standard

Aviva boss lands £7.2m pay package as results beat forecasts

Chief executive Dame Amanda Blanc picked up a £2.2 million annual bonus and £3.7 million in long-term share awards for 2024.

The Independent UK

FTSE 100 edges higher despite UK economy stalling in third quarter

London’s FTSE 100 closed 18.11 points higher, or 0.22%, at 8,102.72.

The Guardian - UK

Aviva to buy Direct Line in £3.7bn deal, putting 2,300 jobs at risk

Insurance takeover is likely to cast a pall of uncertainty over Christmas for many staff of combined group

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Evening Standard

Aviva and Direct Line agree £3.7bn insurance tie-up

The insurance mega-merger will cover more than a fifth of the total UK market if approved.

Evening Standard

FTSE 100 Live 23 December: UK economy stalled in Q3, Direct Line £3.7bn takeover agreed

Britain’s economy ground to a halt in the third quarter of the year, figures showed today.

The Independent UK

Direct Line launches new motor insurance products on price comparison website

The group announced in July that it planned to launch on price comparison websites for the first time in its history.

Evening Standard

Utilities drag on FTSE 100 after Thames Water receives rescue bid

The FTSE 100 moved 40.77 points lower, or 0.49%, to close at 8,308.61.

The Guardian - UK

Investors up bets on Federal Reserve interest rate cut after US jobs data – as it happened

Live, rolling coverage of business, economics and financial markets as American private sector adds 227,000 jobs in November

Evening Standard

Direct Line backs £3.6bn takeover move by rival Aviva

Aviva made the sweetened approach after seeing a £3.3 billion takeover tilt rebuffed last month.

The Guardian - UK

Direct Line accepts £3.6bn takeover after rival insurer Aviva raises bid

Preliminary agreement reached after third offer, which values Direct Line at 275p a share

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