Direct Line Group
Berenberg restates hold rating on DLG despite motor warning
Berenberg Bank has restated its hold rating on Direct Line Group and raised its target price on the listed insurer from 230p to 254p despite seeing “only modest absolute valuation upside”.
Rehabilitation-only personal injury whiplash debate fails to gain traction
Insurers highlight claims time frames as area of major concern
DLG's Geddes nets £2.4m total remuneration
Direct Line Group chief executive Paul Geddes saw a 27% increase in the value of his pay package in 2013.
Soft rates stall motor insurance IPOs after Esure falters
SNL Financial says ‘no bottom in sight’ for motor pricing.
‘No bottom in sight’ on motor rates
Motor insurance rates are set to continue to tumble despite forecasts that the market may soon turn, according to a report from SNL Financial.
Career file - Mike Holliday-Williams RSA’s Holliday-Williams to replace Woolgrove at DLG
Direct Line Group has recruited RSA Scandinavia chief executive Mike Holliday-Williams to replace outgoing UK personal lines managing director Tom Woolgrove.
Household: On steady ground?
How is the household insurance market coping with the cost of claims from extreme weather events and the aggregator‑induced focus on pricing?
Catton resigns as DLG director
Mark Catton has resigned as a none-executive director of Direct Line Group with effect from today.
Allianz approved for ABS with Serious Law
Allianz has been granted an Alternative Business Structure licence, and will launch a partnership with catastrophic personal injury specialists Serious Law.
2013 results: insurers’ CORs boosted by benign weather but RSA takes £244m hit
Insurers’ full‑year results were bolstered by largely benign weather conditions last year as many firms sacrificed market share in motor and home segments to retain profitability.
Insurers and brokers urge Competition Commission to ban all MFN clauses
Fears a ban could harm price comparison websites misplaced.
Editor's comment: A humane culling
Personal lines insurers and brokers have had enough. They have taken it lying down for too long and now they are making a stand and fighting back.
Woolgrove not applying for permanent Flood Re CEO post
Flood Re interim chief executive Tom Woolgrove will not be applying for the permanent post currently being recruited for, the Association of British Insurers has announced.
RSA's Holliday-Williams to replace Woolgrove at DLG
UK personal lines managing director Tom Woolgrove is to leave Direct Line Group, and will be replaced by RSA Scandinavia chief executive Mike Holliday-Williams.
DLG boss Geddes admits 2014 COR expectation is weather dependent
Direct Line Group chief executive Paul Geddes has conceded hopes of achieving a combined operating ratio of between 95% and 97% for 2014 will hinge on the weather improving for the remainder of the year.
DLG profits raised 14% by boosted reserve releases
Direct Line Group has reported profits boosted by 14% for 2013, resulting from substantial increases in reserve releases.
Advertising: Getting the word out
How are insurance firms’ advertising tactics changing in response to the rise of social media and the emergence of aggregators?
Insurers to supply experts to PM’s flood grant scheme
Insurers have agreed to supply a team of technical experts to work with the government on a scheme to provide grants to flooded home and business owners at today’s Downing Steet flooding summit.
Career file: Steve Maddock: DLG's Maddock replaces Morris as MIB chairman
The Motor Insurers Bureau has named Direct Line Group claims and business services managing director Steve Maddock as its next chairman.
Insurers head for cabinet office flooding summit
Chief executives from Aviva, Direct Line Group, Axa, Lloyds Banking Group, Ageas and the Association of British Insurers are set to meet ministers today to brief the government on flood recovery.
ABI confident insurers will get behind its personal injury code of conduct
Code aims to combat perception of insurers exploiting PI claims.
Hester tipped to take advantage of lack of industry experience
Former RBS boss will not be afraid of ‘difficult decisions’
DLG's Maddock replaces Morris as MIB chairman
The Motor Insurers Bureau has named Direct Line Group claims and business services managing director Steve Maddock as its next chairman.
Tracker’s technology offering a draw card in Lysanda purchase
Former Direct Line Group-owned telematics provider Tracker’s robust technology was one of the major draw cards for its purchaser Lysanda, according to the chief executive.