Direct Line Group
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.
View from the Top: Protect young drivers now
We need a combative strategy to reduce the risk of catastrophic accidents, says Tom Woolgrove, managing director of personal lines, Direct Line Group.
Insurers miss opportunity to voice opinions on EU consultation on PPOs
The UK’s general insurance sector has failed to engage with a consultation on setting Solvency II liability rules, despite a European Union recommendation that 20% of the sector should contribute for the study to be credible.
Increased shareholder scrutiny puts spotlight on insurance CEO pay
Insurers are more cautious and keen to be transparent over executive remuneration after last year’s ‘shareholder spring’, according to analysts, with recommendations for boss’s pay packets swelling in the past 12 months.
Facebook backer provides Hyperion ‘vital stepping stone’ towards IPO
An initial public offering is firmly back on the agenda at Hyperion after it struck a deal that sees public company investment specialist General Atlantic take a 30% stake in the international intermediary.
In Series: Personal Lines: The good old days
Insurers now benefit from data usage that allows them to tailor prices from hundreds of categories. But this wasn’t always the case.
Motor insurers vow to cut premiums if young driver claims come down
The insurance industry has promised the government young drivers’ premiums could go down by as much as 20% if new proposals succeed in reducing the frequency and value of motor insurance claims.
News Review: Winslow promoted in BGL reshuffle
Peter Winslow has been promoted to executive chairman of BGL Group and will be succeeded as chief executive by chief operating officer Matthew Donaldson, effective from 1 July.
ABI and DLG welcome young drivers green paper
The Association of British Insurers and Direct Line Group have welcomed the green paper launched by the government at the motor insurance summit meeting which they both attended.
DLG's Paul Geddes received £760 000 bonus in 2012
Paul Geddes, Direct Line Group chief executive, received a £760 000 bonus in remuneration for his performance during 2012.
RBS dismisses links between stock sale and timing of upcoming Esure float
The second tranche of Direct Line Group shares may have been rushed to market in order to get ahead of the float by Esure, according to analysts.
Plum role for Chubb's Madders
Household insurer Plum Underwriting has swooped to appoint a new senior technical underwriter in the shape of Chubb's Niall Madders.
RBS to reduce DLG stake to 49%
Royal Bank of Scotland is to place a second tranche of Direct Line Group shares on the stock market via an accelerated book build.
Former NIG sales boss Parry in Lothbury deal
NIG’s former UK sales director David has been recruited by independent broker Lothbury in a bid to target regional growth.
Success of Esure float boils down to accurate pricing in current market
Esure could err on the side of caution when it comes to pricing its stock as it aims to follow Direct Line Group onto the London Stock Exchange, analysts have suggested. The personal lines insurer confirmed plans to float as it revealed its 2011 result.