Quindell Portfolio shares jump on £150m deal with Direct Line October 9, 2013 SHARES in outsourcing group Quindell Portfolio yesterday jumped 10 per cent after the company announced a £150m three-year deal with Direct Line. The company also said it is on track to record annual organic revenue growth of £300m a year. Aim-listed Quindell provides outsourcing services to insurers, with a pledge to drive costs and increasing [...]
Chesnara buys closed life fund from Direct Line October 8, 2013 INSURANCE-focused takeover specialist Chesnara said it would buy Direct Line’s domestic closed life insurance business for about £39.3m in cash. Chesnara, which has been looking to acquire life insurance funds in Western Europe for the past year, said the deal would be partly financed by a new loan facility of £73.8m from the Royal Bank [...]