Direct Line Group
Motor rate reductions to end in 2015 say analysts
Motor insurance rates will steadily increase next year after nine successive quarters of reductions according to analysts from Oriel Securities.
BIA Countdown: 20 years of general insurance
As part of Post’s countdown to the 20th anniversary of the British Insurance Awards in July, we spoke to key figures from major insurers that have experienced wins over the years, asking them how the industry has changed since the first BIAs in 1994.
Aviva top of the pile for digital user experience in motor
Personal lines insurers are lagging behind price comparison sites in terms of digital user experience, financial technology company Instinct Studios has warned.
Alternative Business Structures: A quick fix?
The ownership of legal firms by non-lawyers via alternative business structures has always been contentious – but as the Transport Select Committee launches an investigation into the models Post finds out whether the existing structures are being used as…
Interview: Hester to the rescue
Having taken on the unenviable task of revitalising the beleaguered insurer, RSA’s new group CEO Stephen Hester dismisses his detractors’ concerns over his lack of insurance pedigree and explains how the turnaround is already well under way
Oliver steps down as CEO of Parabis
Parabis Group has no immediate plans to appoint a successor to outgoing chief executive Tim Oliver, who is to become deputy chairman and take on a new non-executive board role.
DLG hands Holliday-Williams £546k share award as Woolgrove departs
Direct Line Group welcomed new personal lines managing director Mike Holliday-Williams with an offer of £546k in shares, after Tom Woolgrove left the firm last week.
Covéa personal lines boss Batabyal resigns
Covéa personal lines director Colin Batabyal has resigned after almost four years with the business, Post can reveal.
Clock could be ticking for Towergate boss Hodges after third loss in a row
Analysts suggest private equity backer Advent may be seeking an exit
Direct Line inks £1.2m deal for Trak M8 self-install telematics
AIM-listed telematics provider Trak M8 has completed a deal to provide all self-install telematics devices to Direct Line Group.
DLG points to competitive conditions after GWP drop in Q1
Direct Line Group has attributed competitive market conditions in UK personal lines for a 5.1% slide in gross written premium in the first quarter of the year compared with Q1 2013.
Brown’s RSA tenure is hailed as he prepares for Gallagher role
Replacing UK and Western Europe CEO seen as major task
Woolgrove admits interest in replacing RSA’s Brown
Outgoing Direct Line Group personal lines boss Tom Woolgrove has admitted interest in replacing Adrian Brown as UK and Western Europe chief executive at RSA.
ABI close to naming Flood Re CEO as search for CFO begins
The Association of British Insurers expects to unveil a full time chief executive of Flood Re in June and has begun its search for a chief financial officer.
Disability charity says home insurance websites discriminate against disabled
Badly designed websites could be leaving major UK home insurers exposed to potential discrimination lawsuits by excluding more than 11 million disabled consumers from purchasing cover online.
DLG’s Brown joins KPMG as partner
Direct Line Group’s David Brown has been appointed a non-life actuarial partner in KPMG’s insurance practice.
Regional Review: Leeds
The fact that Leeds is a city on the up has not been lost on the regional insurance market, which counts a multitude of major insurers and a thriving community of brokers within its ranks.
C-Suite - Insurer: Why flood investment is needed
Flooding in the UK has highlighted the importance of a swift response to customers in need.
UK roles at risk as NIG launches offshoring consultation
NIG has entered into consultation with staff over proposals to offshore non-broker facing processes to India, Post can reveal.
Woolgrove signals intention to stay in insurance
Outgoing Direct Line Group personal lines managing director Tom Woolgrove has told Post he plans to stay in the insurance industry after his tenure as interim Flood Re chief executive.
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.