Direct Line Group
NIG to create senior business development roles
NIG will create senior business development manager (SBDM) roles to replace the broker-facing positions set to be lost as part of parent Direct Line Group's cost-cutting drive.
Direct Line reveals 175p share price
Direct Line Group has floated at a price of 175p per share, valuing the company at £2.6bn.
RBS finds buyers for first 33% stake in Direct Line
RBS has found buyers for the 33% stake in Direct Line it is selling to stock market investors.
Speculation mounts around Direct Line flotation
Direct Line Group could tomorrow announce its intention to float on the London Stock Exchange, according to reports.
Insurers named and shamed by FOS
UK Insurance, part of Royal Bank of Scotland, racked up the highest number of general insurance complaints referred to the Financial Ombudsman Service (FOS) according to new figures.
Duke Street Capital founder could bid for Direct Line
The founder of Duke Street Capital has registered his interest once again in snapping up Direct Line, the Daily Telegraph has reported.
Direct Line insists brokers will see "no change" from NIG
Brokers will see "absolutely no change" in their dealings with NIG, Direct Line Group has insisted in the wake of its cost-cutting measures unveiled today.
Up to 900 jobs at risk as Direct Line announces cost-cutting bid
Direct Line Group has announced the proposed redundancy of almost 900 staff as part of the ‘first phase' to try to slash administration costs and boost efficiency.
Direct Line ends private equity talks ahead of float
RBS is poised to reveal details of the flotation of Direct Line in a matter of weeks having ended talks with potential private equity investors, according to reports.
HNW intermediaries facing bank and direct provider threat
High net worth (HNW) insurance intermediaries are coming under increasing market share pressure from banks and direct providers, according to research published today by Defaqto.
Direct Line overcomes weather claims to post £135m profit
Direct Line Group overcame "worse-than-expected" home weather claims to post an operating profit of £135m during this year's second quarter.
CMC launches new insurance business
iSmart, the Northampton-based claims management company, has launched a new insurance business.
Ex-RSA chief leading Direct Line bid
Andy Haste, former chief executive of RSA, is leading a private equity consortium making a bid for Direct Line Group.
CII members give Amanda Blanc seal of approval
Amanda Blanc has been elected president of the Chartered Insurance Institute (CII) by its members.
Private equity targeting Direct Line
Direct Line Group is being targeted by private equity specialists ahead of any flotation, according to recent reports.
Direct Line enters telematics market
Direct Line is offering telematics products to customers following a pilot with sister firm Tracker.
Insurers losing customers due to poor websites, study finds
UK home and motor insurers could be losing potential customers by providing a poor online user experience, according to research from Global Reviews.
Direct Line to pay shareholders £500m dividend
Direct Line Insurance Group has declared an interim dividend with an aggregate amount of £500m.
Direct Line reports 25% jump in profit
Direct Line Group, the insurance arm of Royal Bank of Scotland, has reported an operating profit of £84m for the first three months of 2012.
RBS approached by private equity firm over Direct Line sale
Direct Line's parent company Royal Bank of Scotland (RBS) has received an informal expression of interest from a new private equity firm, according to the FT.
Direct Line could raise £500m ahead of flotation
Direct Line, the newly rebranded insurance arm of RBS, plans to raise £500m through selling debt, according to the Telegraph.
Ex-Aviva FD confirmed as Direct Line chairman
Royal Bank of Scotland has appointed Mike Biggs as chairman of Direct Line Group.
Ex-Aviva chief lined-up to chair Direct Line flotation
Mike Biggs, former finance director at Aviva and current chairman of life assurance consolidation group Resolution, has been offered the chairmanship role at Direct line, a series of newspapers have reported.
Direct Line subsidiary awarded 'A' credit rating
UK Insurance, the main operating insurance subsidiary of Direct Line Insurance Group (DLG), has been assigned an ‘A’ financial strength and counterparty credit rating by Standard & Poor’s (S&P).