Direct Line Group
Direct Line Group: Divestment dilemma
The Royal Bank of Scotland may have formally announced plans for an initial public offering of Direct Line Group, but it still faces final decisions on the divestment of its insurance arm.
Post magazine - 27 September 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Lloyd's backs IPO access for small companies
Lloyd's of London has welcomed lower barriers to entry to the London Stock Exchange for small companies.
Education key to lowering young drivers' premiums, says DLG
Direct Line's managing director of retail personal lines has called for a greater focus on education and responsibility before motor premiums can fall.
DLG names Aspen chairman and RBS corporate CEO as directors
Direct Line Group has appointed Glyn Jones and Mark Catton as a senior independent director and non-executive director, effective immediately.
DLG drafts in management trio as part of international shake-up
Direct Line Group has further bolstered its international standing following the "high calibre" addition of three new members to its expanding management team.
Direct Line Group banks to slash IPO charges
The banks co-ordinating the DLG flotation could charge less than normal in order to reinvigorate the market for initial public offerings.
Direct Line float will test the waters for IPO sentiment
A Direct Line Group initial public offering will be one of the UK's biggest ever general insurance listings, including Admiral's flotation in 2004, according to market experts.
Post magazine - 20 September 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Editor's comment: Wedding bells are ringing
Direct Line Group's confirmation on Friday of the intentions to make an honest woman of itself, by declaring its intention to formally proceed with an IPO suitor, has certainly injected a little feverish anticipation into the UK insurance market.
Insurance Fraud Register to be accessible to life and Lloyd's markets
The Insurance Fraud Register is to be rolled out to the life insurance and Lloyd's markets once it is fully operational in the UK general insurance sector.
DLG bosses to collect millions after IPO
Direct Line Group bosses are set to pocket millions of pounds in shares when the insurance asset floats on the London Stock Exchange.
DLG private equity bids still possible, says analyst
Analysts believe there is still a "good chance" that a private equity bid for Direct Line Group may emerge, despite RBS this morning stating its intention to float.
Geddes: DLG in great shape and ready to float
Direct Line Group chief executive Paul Geddes has told Post that the business is now “in great shape and ready to go to the market” while setting out targets to improve profitability by 2014.
Former Prudential director joins Direct Line
Priscilla Vacassin has been appointed as a non-executive director of Direct Line Group.
DLG confirms intention to float
Direct Line Group has issued a statement confirming its intention to proceed with an initial public offering.
Market moves: High-profile changes at Allianz, Zurich and Towergate
The industry witnessed a number of major departures this week with Chris Hanks, Karl Bedlow and Nick Houghton leaving their roles at Allianz, Zurich and Towergate respectively.
DLG to offshore roles as part of £100m annual cost savings drive
Direct Line Group is set to offshore a "limited number" of chief operating office and sales, service and partnership roles as it begins to cut hundreds of UK jobs ahead of a planned flotation.
Groupama acquisition could propel Ageas UK into top 10 insurer spot
The insurance industry is considering the effect of consolidation and change in the UK personal lines market after Ageas entered into exclusive discussions with Groupama with a view to taking over its UK insurance company.
Post magazine - 13 September 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Tungsten evaluating Equity bid
The investment vehicle, helmed by Edmund Truell, is believed to be considering an offer for the IAG-owned insures.
RBS could float DLG tomorrow
RBS is to launch an initial public offering of Direct Line Group on Thursday, reports have suggested.
Truell eyes up motor insurers
Edmund Truell, founder of Duke Street Capital and Pension Corporation, has not ruled out a future bid for Royal Bank of Scotland's insurance arm, Direct Line.
Claims Club 10th anniversary: A decade of debate
The Post Claims Club will mark its 10th anniversary next year, and the group's advisory board looks back on a decade of change.