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.
Aviva backs Reeves pension investment push with new venture capital arm September 2, 2024 Aviva has launched a dedicated venture capital arm today as it rows in behind the government’s drive to pump more pension cash into start-ups. The move by the FTSE 100 pension giant forms part of a wider project to restructure its private market arm, which previously focused solely on real assets. In a statement, Aviva [...]
Chancellor to launch £7.3bn national wealth fund to ‘unlock investment’ July 9, 2024 Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding to “unlock investment” in UK growth industries.
Aviva: We believe in the UK despite the ‘doom and gloom’ June 27, 2024 The UK's economic fundamentals remain attractive for business despite the "doom and gloom" that has plagued the country, Amanda Blanc has said.
Storm in a spinning teacup: Butlin’s sues Aviva over definition of flooding April 28, 2024 Butlin's is suing Aviva over the definition of a storm, after serious flooding forced it to shut its largest resort.
Aviva sells stake in Singapore Life for more than expected as firm continues to simplify March 18, 2024 The sale continues Aviva's attempts to streamline its global operations to focus on its core markets of the UK, Ireland and Canada.
Ageas’s interest Direct Line shows just how far the UK’s insurers have come since Covid March 9, 2024 And it is hard to overstate how difficult personal line insurers—by which we mean insurers whose customers are people, as opposed to businesses—like Direct Line, Admiral and Aviva have found business in the post-pandemic era.