Direct Line Group
Insurers back “first step” Flood Re announcement
The UK’s largest general insurers have expressed delight at the announcement of a deal on flooding cover for UK homes.
Direct Line confirms office closures in Croydon, Liverpool and London
Direct Line Group has confirmed that almost 500 jobs are to go in Liverpool where the firm is closing its office as part of a wider redundancy programme announced today
Direct Line Group reveals 2000 jobs at risk as it steps up cost saving plan
Direct Line Group has announced a major redundancy programme as it attempts to improve its operational efficiency as part of the implementation of its business transformation plan.
Direct Line enters telematics world
Direct Line has launched a telematics product available via both a black box, with technology provided by Tracker, and an app across its motor insurance brands.
Claims Club Monthly Missive: Young driver safety consultation delayed
The issue of road safety, along with flooding and whiplash, has been at the top of the agenda when it comes to the insurance industry’s engagement with politicians.
UK banks told to raise £27bn
Figures from the Bank of England’s financial policy committee show a shortfall of £27.1bn in capital held by five UK financial institutions, half of which were at Royal Bank of Scotland.
Ex-RBSI claims trio targets insurance industry with advisory firm
A group of senior claims professionals have joined forces to target the insurance sector with the aim of helping firms navigate the raft of new legislation that is reshaping the industry.
Post Audio Supplement - 13 June 2013
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FCA tells sector to change its ways in motor legal expenses insurance review
Industry reacts to recommendations including opt-in sale of MLEI cover
Initial Public Offerings: A good time to float
Following successful initial public offerings by Direct Line Group and Esure, many industry commentators believe market conditions are currently perfect for further flotations. So, is it time for others to go public?
Penny Black's Insurance Week - 6 June 2013
While Penny has successfully mastered the Spanish language, she cannot claim to possess a full grasp of the Mediterranean mentality.
Marketing: European exposure
In the UK, the insurance industry is well known for its marketing and advertising campaigns but is brand management as effective in Europe, Francesca Nyman explains.
Hastings weighing minority stake sale
Hastings Insurance Group is plotting the sale of a stake in the business, with management retaining "a significant shareholding".
Quindell model calls for clarity after shares plummet
Speed and volume of deals have caused confusion
Barbican swoops for NIG underwriter
Barbican has pounced to recruit NIG’s technical trade underwriter Daniel Tatam, adding the new recruit to its UK property & casualty team.
DLG boss expects reforms to prompt limited benefit in tough market
Direct Line Group chief executive Paul Geddes has vowed to adopt a conservative outlook on legal reform within the motor market and has suggested financial gains will be enjoyed by consumers as opposed to insurers.
Competitive motor market sees GWP at DLG slide 4.5%
Tough market conditions have been identified as the root cause behind a 4.5% slump in the Direct Line Group’s gross written premium for ongoing operations in the first quarter of 2013.
DLG forecast to lose UK motor market share at Q1
Direct Line Group could see its share of the UK motor market diminished in its first quarter results on Friday, according to an analyst note.
DLG domestic panel loss review axes GAB Robins
GAB Robins has become the first adjuster to confirm it has been impacted by a long awaited panel review by Direct Line Group, losing its position on the personal property panel.
Telematics Expo: Citroën sales head acclaims DLG young driver deal
Telematics has put free insurance back on the table for young drivers, according to Citroën head of sales programmes Jeremy Smith.
Ifed jails Direct Line’s staged accident fraudsters
Two men who attempted to claim £25 000 out of Direct Line after staging car crashes and sending repair bills from their own car workshops have been sent to prison.
Purple swoops for NIG’s Bristol business development boss
Jelf-owned broker network Purple Partnership has recruited a new development manager from Direct Line Group subsidiary NIG.
One in five cyclists is invisible to motorists
Motorists fail to notice 22% of cyclists and 4% of jaywalkers, according to research by Direct Line.
Long-serving staff hardest hit by Aviva’s latest round of job cuts
Aviva staff face renewed uncertainty following the insurer’s decision to axe 2000 jobs globally, eight months after 800 jobs were put at risk.