Direct Line Group
Value of £1bn mooted as analysts give thumbs up to BGL float
Market analysts have given their seal of approval to BGL Group’s potential listing on the London Stock Exchange, with one analyst suggesting the entry could be valued at more than £1bn.
Parabis woes highlight importance of finding right ABS partner
The importance of insurers finding the right legal partner to enter into alternative business structure arrangements with has been highlighted by experts, after four such entities recently either changed partners or entered into run-off.
Ex-Lloyd’s CEO Ward joins Direct Line board
Richard Ward, the former CEO of Lloyd's, has joined Direct Line Group's board as a non-executive director and senior independent director.
Rate reductions mooted as industry calls on government to follow NI lead on GDL
Pressure is building from the insurance industry on government to introduce graduated driver licensing across the rest of the UK, following the roll out of new laws for young drivers in Northern Ireland.
NIG puts 71 roles at risk in offshoring move
Commercial insurer NIG is shrinking staff numbers at its Bristol and Manchester underwriting centres as part of an offshoring move, Post can reveal.
DLG predicts up to £140m in flood losses
Losses incurred by Direct Line Group following flooding caused by the storms Desmond, Eva and Frank during December are expected to total between £110m and £140m.
Esure appoints from DLG for senior underwriting role
Esure Group has appointed David Meader from Direct Line Group as head of motor underwriting.
Ex-DLG MD and Flood Re boss takes reins at Premium Credit
Tom Woolgrove, former managing director of UK personal lines at Direct Line Group, will become Premium Credit CEO this month, replacing Andrew Doman.
Renewal of DLG contract with RBS questioned by research firm
The future of Direct Line Group’s home insurance contract with RBS has been questioned in the aftermath of Nationwide’s decision to switch underwriting responsibilities to RSA.
Quiz of the week - 18 December
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
RSA lands Nationwide account from DLG
RSA will take over from Direct Line Group as underwriter for all of Nationwide’s home insurance products from 2017.
Christmas burglars favour bicycles
Bicycles top the list of the most common items stolen in the Christmas period, followed by mobile phones, tablets and laptops, according to recent research.
C-Suite - Insurer: Foresight is a wonderful thing
It is vital that insurers look ahead to try and offer products to customers before they demand them.
UPDATED: Sixteen severe flood warnings remain in place after Storm Desmond hits Cumbria
Sixteen severe flood warnings remain in place after Storm Desmond battered Cumbria on 5 and 6 December, with Carlisle, Keswick, Kendal and Cockermouth among the worst affected areas.
Fraud 2015: Banking v Insurance analytical resource is 'chalk and cheese'
Comparing the insurance industry’s analytical capabilities to those in the banking sector is like comparing “chalk and cheese”.
Government accelerates whiplash reforms to remove £1bn of costs
Chancellor of the Exchequer George Osborne committed to accelerating motor injury reforms in today’s (25 November) Autumn Statement, which are expected to remove more than £1bn from the cost of providing motor insurance.
Interview: Paul Geddes - Delivering on a promise
Direct Line Group CEO Paul Geddes updates Post on progress at the business in the three years since its initial public offering and outlines plans for the future
Digital Insurance Collective: Hack to the Future: The Digital Activists taking disruption in their stride
There is a lot of talk about the need for the sector to adapt to changing consumer demands but are tensions between the anti-risk culture of insurance companies and the nature of digital transformation holding back progress? The newly launched Digital…
UK, Turkey and Malta spur Mapfre growth
Spanish insurer Mapfre has posted a 46% increase in insurance premium revenue across Europe for the first nine months of 2015.
DLG reports 4.1% growth in motor
Direct Line Group has seen an increase in gross written premium and motor for the first nine months of 2015, according to an interim management statement released today (3 November).
Ex-DLG and Flood Re boss Woolgrove moves to ‘challenger’ bank
Former Direct Line Group personal lines managing director Tom Woolgrove has taken on an interim role as deputy CEO for Oak North Bank, an SME-focused challenger to established high street brands.
Top 100 UK insurers: Top 20 focus
We focus on the insurers that made the top 20 in the 2015 listing.
Serious injury guide potential precursor for future claimant and defendant engagement
The Association of Personal Injury Lawyers is hopeful partnering with insurers on its serious injury guide will pave the way for future positive collaboration between the historically opposing claimant and defendant sides of the industry.
