Direct Line Group
DLG proposing 236 role cuts
Newly floated insurer Direct Line Group is set to begin the second phase of its cost cutting programme and has put 236 roles at risk.
Tens of thousands face being priced out of flood cover
ABI admits its Flood Re model is dead in the water
View from the top: Adapt to survive
The ban on gender as a rating indicator simply means insurers will have to look to other factors instead, says Paul Geddes
Annette Court joins Merryck
The former chief executive of Royal Bank of Scotland Insurance and Zurich's European general insurance business Annette Court has joined business mentoring specialist Merryck & Co.
DLG could dispose of unprofitable assets, analyst warns
Analysts at Investec have warned that Direct Line Group could offload parts of the business not delivering adequate profits in an attempt to boost performance.
NIG signs up to brokers leadership programme for second year
Commercial insurer NIG will run its First Future Leaders talent and training scheme for a second year in 2013, following the program’s "successful" launch this year.
DLG designates digital director
Direct Line Group has announced the appointment of Three UK's Ash Roots as director of digital.
Interview: Bill Cooper - Banking bites back
The head of global insurance at Lloyds Banking Group believes that insurance M&As are not dead and that institutions are willing and able to provide finance.
Analysts react to Haste's Lloyd's move
The decision by former RSA group chief executive Andy Haste to join Lloyd's as deputy chairman has surprised market observers, who expected him to stay in general insurance.
Insurers await outcome of 'dishonest' evidence appeal in Axa case
Several insurers are awaiting a Court of Appeal decision on Axa's use of allegedly "false" Autofocus evidence before potentially resuming out-of-court negotiations with Accident Exchange.
Motor insurance market reviews plans ahead of legislation and slowdown
Direct Line Group is primed to "execute a range of strategies" depending on how changes to the legal landscape play out next spring, according to the insurer's chief executive Paul Geddes.
Editor's comment: Testing our mettle
US voters were still heading to the polls as Post went to press. But with many north eastern states operating makeshift polling stations and still without electricity a week after superstorm Sandy made landfall, the closely fought election was shaping up…
Helphire engaging with DLG and RSA on Autofocus evidence
Helphire has indicated that a number of insurers are keen to reach settlements with the firm over the use of "dishonest" Autofocus evidence as the company reaches a deal with RSA and Direct Line Group on access to information on the rate surveyor.
Privilege, Swiftcover and Tesco to benefit from gender directive
The three insurers' motor policies have been named as the most likely to be recommended by women, according to research by independent insurance analyst Consumer Intelligence.
DLG Q3 combined ratio improves to 96.9%
Direct Line Group has reported a 4% slide in operating profit from ongoing operations for the third quarter 2012 of £123.7m compared with the same period in 2011.
Directors lose out as DLG axe falls on senior team
NIG sales and distribution director Dave Parry is among the highest profile figures to exit Direct Line Group amid fresh redundancies as the group targets £100m in gross annual savings by the end of 2014.
Post magazine - 1 November 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Haste appointed Lloyd's deputy chairman
Former RSA chief executive Andy Haste has been unveiled as Lloyd's' new deputy chairman for a three-year term from 1 November.
Parry exits NIG amid restructure
Direct Line Group has confirmed the departure of sales and distribution director Dave Parry amid changes to the management structure at NIG.
DLG to axe 70 leadership roles
Direct Line Group is to scrap 70 senior leadership roles across the business as part of the next phase of a programme to achieve £100m in gross annual cost savings by the end of 2014.
Post magazine - 25 October 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
DLG to axe 100 IT roles as part of annual cost savings plan
Direct Line Group has confirmed that approximately 100 jobs will be lost across its IT function, as the firm's £100m annual cost savings drive begins to take effect.
Redundancies and recruitment: Not the end of the line
On the surface, a spate of job losses in the insurance sector could hamper its growth and recovery. But opportunities still exist.
Fitzmaurice says Hastings will bed down initiatives before potential float
Incoming Hastings Insurance Group chief executive Gary Hoffman has said his experience leading financial services companies such as Barclaycard, Northern Rock and the start-up NBNK will bring a "broader perspective" to the intermediary business as the…