Direct Line Group
DLG prospectus reveals 2011 COR breakdown
The Direct Line Group has launched a prospectus geared towards tying up its proposed £500m planned subordinated debt issuance, in which it discloses last year's combined operating ratio for the insurer's various lines of business.
Spotlight On Technology: Future gadgets
Science fiction has given the people of today a glimpse of tomorrow. However, spare a thought for underwriters, for whom the prospect of insuring some of the space-age gadgets featured must strike real fear, as technology develops and turns science…
Spotlight On Technology: The developing world
With technological developments gathering pace, how will insurers cope with the influx of new gadgets and remain innovative?
ABI and credit hire firms establish working party for GTA portal
The Association of British Insurers and the credit hire industry have formed a working party to establish a general terms of agreement portal for road accident claims with hire charges.
Interview: Be Wiser chairman Mark Bower-Dyke - a convert to the cause
After joining the insurance industry for the money, Be Wiser chairman Mark Bower-Dyke shares his frustrations of short-termism and the lack of training, and explains why telematics is not the answer to the ills of the motor market.
Support for Direct Line Group's debt issuance plan 'delights' bosses
Direct Line Group bosses have expressed their "delight" after more than 40 financial institutions declared their support for the firm’s £500m planned subordinated debt issuance.
Transport Select Committee seeks to clear up transparency
The Transport Select Committee's reports on motor insurance have proved contentious, with calls for transparency not resonating with insurers. Will the 13th report clear things up?
Editor's comment: Setting course on uncertain seas
This week two of the UK's insurance powerhouses made announcements that, although very different in their nature, aimed to position the respective firms for the future.
Post magazine - 26 April 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
RSA boss Nightingale to take up reins as DLG network director
The Direct Line Group has named former RSA boss Paul Nightingale as director of network, fulfilment and supply chain, claims, starting in July.
Direct Line Group set to complete £500m planned subordinated debt issuance
Direct Line Insurance Group has announced it expects to complete a £500m issue of fixed/floating rate guaranteed subordinated notes due in 2042, and intends to seek a listing of the securities on the London Stock Exchange.
Direct Line and Helphire to resume fight over Autofocus evidence
Direct Line and Helphire are due back in court in June a month after the insurer objected to the credit hirer accessing information on Autofocus.
Brokers back potential DLG flotation citing interest in share options
NIG brokers have responded positively to the Direct Line Group split from RBS, some even raising the issue of potential share options if the group's mooted initial public offering bid is successful, the insurer has claimed.
Direct Line to support IPO by raising debt
Direct Line bosses are thought to be clearing the way to raise debt in order to achieve a £3.2bn IPO – making it one of the UK's biggest recent stock market listings.
My best 11: Martin Egan, Direct Line Group
Direct Line Group national manager for property insurance advisers Martin Egan selects his best XI for an insurance start-up. Egan has leant heavily on the stars of League One side Bury as well as colleagues from his firm. His one celebrity pick is…
Industry unveils older driver initiative as Direct Line follows LV's age limit stance
The decision by LV to scrap its age limit of 86 for new car insurance customers has struck a chord with industry bodies behind the launch of a new signposting model, yet market rivals appear largely unconvinced.
CII urges insurers to sign internship pledge
The Chartered Insurance Institute has launched its first good practice guide for internships in the general insurance and financial services professions.
Insurers and brokers sign up to CII internship good practice guide
The Chartered Insurance Institute has launched its first good practice guide for internships in the general insurance and financial services professions.
Market moves: Aviva shuffles its underwriting pack
Aviva was the major recruiter in the insurance industry this week, announcing a raft of changes to its underwriting team. The insurer promoted four staff to new positions while adding a further employee to the unit.
NIG snatches Saif Insure underwriting contract from Axa
NIG has won the tender to underwrite the insurance for the Saif Insure scheme of London-based broker Lark.
Direct Line vows to improve amid soaring industry complaints
Direct Line Group has promised to build on the momentum it created in cutting customer complaints by 16% in the second half of 2011, despite FSA figures showing a 49% rise in the number of general insurance grievances.
RBS names Biggs as Direct Line Group chairman
The Royal Bank of Scotland has confirmed the appointment of Mike Biggs as chairman of Direct Line Group's board of directors.
European sovereign debt hits insurer profits
2011 was the worst year on record for natural catastrophes, yet it was cracks in the Dow Jones, faults in the FTSE and tremors on the Hange Seng that bothered many insurers more.
Updated whiplash book proposal finds support despite reservations
Law firm Lyons Davidson is launching a campaign to republish an updated version of the whiplash book, in a bid to tackle the claims epidemic.