Direct Line Group
Insurers discuss driverless cars consultation in Parliament
Insurers met on Tuesday in Parliament to discuss the government's consultation paper on insurance for driverless cars.
Digital: Using social media to engage customers
It has finally clicked with insurers that they need to engage with customers on social media, as it can help attract new business and build trust.
How insurers can grow telematics propositions in the UK
Post’s first Motor Insurance World conference hosted a VIP roundtable, debating how insurers can grow telematics propositions in the UK and help motor insurance shed its distress purchase tag
London floods are manageable, insurers say
Despite putting a dampener on summer, flooding last week in London is small-scale, according to insurers.
Direct Line sees more than 200 lightning claims
Direct line has seen more than 200 claims for lightning damage to homes so far this month, with some claims worth up to almost £46,000.
Blog: Brexit - How much preparation has gone on behind the scenes?
Post made hay with a Freedom of Information request earlier this month, which revealed that the industry’s two main regulators had not carried out a formal review of the regulatory and financial impact of a Brexit.
PRA approves Direct Line’s Group-wide internal model for Solvency II
Direct Line has confirmed it will use its group-wide partial internal model to calculate the Group Solvency Capital Requirement under the Solvency II regime, following approval from the Prudential Regulation Authority.
Legislative support extended to driverless cars
Autonomous cars have gained legislative backing in the Queen’s Speech today (18 May) as insurers hail the innovation as doing more to save lives than seatbelts.
UK motor prices to remain flat in 2016, as insurers drive competition
Increasing competition from insurers will cause prices for UK motor insurance to stay flat throughout 2016, according to a Macquarie report.
Direct Line sees Q1 GWP growth of 4.2%
Direct Line Insurance Group has seen its gross written premiums rise by 4.2% in the first quarter, compared to the same period last year.
Flood Re reveals Aviva, Direct Line and Lloyds Bank among launch insurers
Flood Re has revealed that more than half of the UK household insurance market by premium will be offering products backed by the provider when it formally launches next week
DLG's Geddes gets 2.5% pay-rise for 2016
Direct Line Group CEO Paul Geddes is to receive a 2.5% increase in his base salary for 2016 to £794,000.
Admin fee transparency in the spotlight as insurers report 2015 results
Insurers' reporting of administration fees and non-risk income came under scrutiny in the 2015 full-year results reporting period as firms' balance sheets were dominated by commercial flood losses.
NIG moves Manser to lead broker and etrade markets
NIG has appointed a new managing director, Neil Manser, to oversee broker markets and etrade.
GI CEO's urge against IPT increase in letter to Osborne
Twenty-three general insurance executives have written to Chancellor of the Exchequer George Osborne ahead of the 16 March Budget announcement, urging against a further increase in insurance premium tax.
DLG storm losses total £130m and push commercial COR to 104%
The December 2015 floods in the UK pushed Direct Line Group's commercial combined operating ratio to 104.5% (2104: 98.8%) but CEO Paul Geddes said the company's results remain in line with competitors.
Charles Crawford joins Gallagher to help with integration project
Former Davies CEO Charles Crawford has joined Arthur J Gallagher International in the role of interim programme director to assist with the ongoing integration of businesses at the firm.
The Post Power List 2016
In a year where regulation, natural disasters, consolidation and cyber/digital again look set to make waves, and when the country could learn if it’s in or out of the European Union, Post had a mind mapping session – with a bottle of wine – to see who…
Rank: 25 - Paul Geddes, CEO, Direct Line
Analysts at investment bank Macquarie suggested that “cracks are appearing” in the Direct Lines’ reserving policy after Geddes trumpeted the insurers reserve releasing in ‘strong' H1 results.
Insurer savings predicted as report dispels poison gas concerns
The insurance industry and the credit hire sector look set to resume hostilities following an independent study that found insurers are spending millions on credit hire and repair claims for vehicles that are perfectly roadworthy.
Fraudsters sentenced over £38,000 Direct Line claim
Three fraudsters have been sentenced for planning a crash-for-cash scam that would have resulted in Direct Line Group paying out more than £38,000 in insurance claims.
Government pledges £20m for driverless cars projects
The government has announced a further £20m of funding for projects developing driverless cars with consortia including members such as Axa and Direct Line Group among the beneficiaries.
Blog: Five things that could determine whether BGL goes IPO or stays indie
The news that BGL Group is looking at the possibility of an IPO should not come as a surprise.