Direct Line Group
Solvency II and shareholder pressure to blame for international business sales
DLG’s sale of Italian and German businesses follows similar deals by other firms
DLG chief customer officer Evans resigns
Direct Line Group has confirmed the departure of chief customer officer Darrell Evans.
Underwriting director Hall quits NIG
NIG’s underwriting director Martin Hall has quit the Direct Line-owned insurer after just under five years as director of underwriting and pricing, Post can reveal.
DLG to sell international businesses to Spain's Mapfre
Direct Line Insurance Group has agreed to sell its Italian and German businesses to Spanish insurer Mapfre for €550m (£430.5m).
Top 100 UK Insurers 2014: Top 20 insurer profiles
A detailed look at the top 20 UK insurance firms according to AM Best's Top 100 UK Insurers Table, including board members, broker agencies, staff and UK reserves. For full table and map of regional offices see bottom of page.
Top 100 UK Insurers 2013: Top 20 insurer profiles
A detailed look at the top 20 UK insurance firms according to AM Best's Top 100 UK Insurers Table, including board members, broker agencies, staff and UK reserves. For full table and map of regional offices see bottom of page.
Mapfre reported to have bid €500m for DLG's Italian and German units
Direct Line Group is believed to have been offered €500m (£393.2m) by Spanish insurer Mapfre for its Italian and German operations.
GAB Robins hires Webb for learning and development role
GAB Robins UK has appointed Nicola Webb as learning and development manager to lead the loss adjuster's investment in customer service.
DLG joins FTSE 100
Direct Line Group has joined the FTSE 100 Index, FTSE Group has confirmed.
Market Moves - 4 September 2014
All the latest job moves in the insurance market.
Pulp Fiction’s Harvey Keitel fronts Direct Line campaign
Hollywood star Harvey Keitel is leading a new advertising campaign for Direct Line, reprising his role from Quentin Tarantino’s Pulp Fiction.
DLG names Dixons Carphone boss as non-exec
Direct Line Group has recruited the group chief executive of Dixons Carphone to serve as a non-executive director.
DLG likely to win promotion to FTSE 100
Direct Line Group could win promotion to the FTSE 100 in the next quarterly reshuffle with drink can maker Rexam and construction firm Barratt Developments at risk of dropping out of the London Stock Exchange’s top tier.
Analysts criticise insurers’ use of reserve releases for distorting H1 results picture
Admiral boss Engelhardt calls focus on reserves in financial reporting ‘bizarre’
ABI gets industry backing after L&G’s decision to withdraw membership
Trade body tight-lipped on whether L&G exit will impact membership fees.
ITV HR director Linares to take on identical role at DLG
Direct Line Group has appointed ITV’s group director for human resources Simon Linares as HR director.
C-Suite - Insurer: Still much more to do
Whiplash reforms can – and should – be broadened to other types of injury.
Post Blog: Five reasons why Admiral and Insure the Box make good bed fellows
Earlier this week Postonline revealed Admiral was weighing up a bid for the UK’s leading telematics player Insure the Box.
More pain predicted for motor market as regulation rears its head
Listed insurers Esure, Admiral and Direct Line Group are expected to fare better than most as the motor market enters the toughest part of the underwriting cycle, according to a note published by Berenberg.
Sale of DLG's international units not set in stone, claims Geddes
Direct Line Group chief executive Paul Geddes has denied the sale of the insurer's Italian and German operations is a foregone conclusion, despite talks on offloading the international divisions gathering momentum.
DLG sees profit drop from high weather claims
Direct Line Group has attributed a 13.1% drop in operating profit for the first half of 2014 to higher weather claims and lower prior-year reserve releases.
Flood Re cap will not limit scheme's ability to pay out, claims ABI
The Association of British Insurers has criticised ratings agency Moody's for its report on the regulatory arrangements for Flood Re saying its £100m cap will have no impact on the scheme's ability to pay flood claims to insurers.
Moody's warns of negative credit impact from Flood Re funding proposals
Moody's has deemed the £100m cap on government contributions to Flood Re credit negative for UK property and casualty insurers.
Add ons review ‘gloomy reading’ for motor insurers
A regulatory review of the sale of general insurance add ons makes for “gloomy reading” for insurers including Direct Line, Esure and Admiral according to one analyst.