Direct Line Group
NIG moves Manser to lead broker and etrade markets
NIG has appointed a new managing director, Neil Manser, to oversee broker markets and etrade.
GI CEO's urge against IPT increase in letter to Osborne
Twenty-three general insurance executives have written to Chancellor of the Exchequer George Osborne ahead of the 16 March Budget announcement, urging against a further increase in insurance premium tax.
DLG storm losses total £130m and push commercial COR to 104%
The December 2015 floods in the UK pushed Direct Line Group's commercial combined operating ratio to 104.5% (2104: 98.8%) but CEO Paul Geddes said the company's results remain in line with competitors.
Charles Crawford joins Gallagher to help with integration project
Former Davies CEO Charles Crawford has joined Arthur J Gallagher International in the role of interim programme director to assist with the ongoing integration of businesses at the firm.
The Post Power List 2016
In a year where regulation, natural disasters, consolidation and cyber/digital again look set to make waves, and when the country could learn if it’s in or out of the European Union, Post had a mind mapping session – with a bottle of wine – to see who…
Rank: 25 - Paul Geddes, CEO, Direct Line
Analysts at investment bank Macquarie suggested that “cracks are appearing” in the Direct Lines’ reserving policy after Geddes trumpeted the insurers reserve releasing in ‘strong' H1 results.
Insurer savings predicted as report dispels poison gas concerns
The insurance industry and the credit hire sector look set to resume hostilities following an independent study that found insurers are spending millions on credit hire and repair claims for vehicles that are perfectly roadworthy.
Fraudsters sentenced over £38,000 Direct Line claim
Three fraudsters have been sentenced for planning a crash-for-cash scam that would have resulted in Direct Line Group paying out more than £38,000 in insurance claims.
Government pledges £20m for driverless cars projects
The government has announced a further £20m of funding for projects developing driverless cars with consortia including members such as Axa and Direct Line Group among the beneficiaries.
Blog: Five things that could determine whether BGL goes IPO or stays indie
The news that BGL Group is looking at the possibility of an IPO should not come as a surprise.
Value of £1bn mooted as analysts give thumbs up to BGL float
Market analysts have given their seal of approval to BGL Group’s potential listing on the London Stock Exchange, with one analyst suggesting the entry could be valued at more than £1bn.
Parabis woes highlight importance of finding right ABS partner
The importance of insurers finding the right legal partner to enter into alternative business structure arrangements with has been highlighted by experts, after four such entities recently either changed partners or entered into run-off.
Ex-Lloyd’s CEO Ward joins Direct Line board
Richard Ward, the former CEO of Lloyd's, has joined Direct Line Group's board as a non-executive director and senior independent director.
Rate reductions mooted as industry calls on government to follow NI lead on GDL
Pressure is building from the insurance industry on government to introduce graduated driver licensing across the rest of the UK, following the roll out of new laws for young drivers in Northern Ireland.
NIG puts 71 roles at risk in offshoring move
Commercial insurer NIG is shrinking staff numbers at its Bristol and Manchester underwriting centres as part of an offshoring move, Post can reveal.
DLG predicts up to £140m in flood losses
Losses incurred by Direct Line Group following flooding caused by the storms Desmond, Eva and Frank during December are expected to total between £110m and £140m.
Esure appoints from DLG for senior underwriting role
Esure Group has appointed David Meader from Direct Line Group as head of motor underwriting.
Ex-DLG MD and Flood Re boss takes reins at Premium Credit
Tom Woolgrove, former managing director of UK personal lines at Direct Line Group, will become Premium Credit CEO this month, replacing Andrew Doman.
Renewal of DLG contract with RBS questioned by research firm
The future of Direct Line Group’s home insurance contract with RBS has been questioned in the aftermath of Nationwide’s decision to switch underwriting responsibilities to RSA.
Quiz of the week - 18 December
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
RSA lands Nationwide account from DLG
RSA will take over from Direct Line Group as underwriter for all of Nationwide’s home insurance products from 2017.
Christmas burglars favour bicycles
Bicycles top the list of the most common items stolen in the Christmas period, followed by mobile phones, tablets and laptops, according to recent research.
C-Suite - Insurer: Foresight is a wonderful thing
It is vital that insurers look ahead to try and offer products to customers before they demand them.
UPDATED: Sixteen severe flood warnings remain in place after Storm Desmond hits Cumbria
Sixteen severe flood warnings remain in place after Storm Desmond battered Cumbria on 5 and 6 December, with Carlisle, Keswick, Kendal and Cockermouth among the worst affected areas.