Tensions flair at Direct Line following Aviva takeover bid insurance A battle is brewing over Direct Line about whether to accept any further takeover bids from Aviva, as its CEO seeks more time to turn the business around. Talking to the Sunday Times following the rejected £3.3bn bid from Aviva last week, Direct Line CEO Adam Winslow urged shareholders to back his turnaround plan over [...]
How Aviva and Ageas could go head-to-head in Direct Line bidding war insurance The stage is set for a bidding war after Aviva threw Direct Line back into the takeover spotlight with a £3.3bn approach.
Direct Line shares surge after £3.3bn Aviva takeover approach insurance Shares in Direct Line surged as much as 40 per cent on Thursday morning after the insurer rejected a £3.3bn takeover approach from larger rival Aviva.
Direct Line rebuffs ‘highly opportunistic’ approach from Aviva November 27, 2024 In a stock exchange announcement, Aviva confirmed that it had submitted an offer last week, which valued the FTSE 250 firm at 250p per share.
Rachel Reeves needs to channel Alexander the Great, says City group November 21, 2024 The Association of British Insurers called on Rachel Reeves to break the “regulatory Gordian knot” last night – Hannah Gurga told City AM why the group is calling for faster reform. According to ancient Greek legend, he who untied the Gordian knot was destined to rule over the whole of Asia. Unravelling the stubborn splice [...]
MS Amlin: Lloyd’s syndicate reports triple-digit growth in insurance service November 19, 2024 MS Amlin’s Lloyd’s syndicate reported an large jump in profits from underwriting from its insurance services, as partner group revises its full-year outlook
Tokio Marine hikes full-year outlook due to rate growth November 19, 2024 Tokio Marine Holdings has revised its full-year forecast with an increase of £205m to £5.1bn, due to accelerated sales
‘Vital the government hears directly from UK plc:’ Consultation on captive insurance reform launched November 18, 2024 UK government launched a consultation into a regime for a captive insurance industry, as CEO warns it is vital the government hears directly from UK plc
Aviva: Insurance demand boosts FTSE 100 giant November 14, 2024 "Our third quarter performance has been very strong," Amanda Blanc, Aviva chief executive said.
FCA fines director of collapsed insurance broker £1.1m over misusing funds November 11, 2024 The Financial Conduct Authority (FCA) has banned and fined a director of an insurance broker over misleading the regulator and misusing funds