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Direct Line surges after rejecting Aviva's takeover bid

Shares in UK insurer Direct Line Insurance soared over 36% in early trade in London today after it rejected a £3.28 billion takeover offer from bigger rival Aviva, saying it "substantially undervalued" the company.
Business • 28 Nov 24

UK's Direct Line posts fall in gross premiums

Direct Line Insurance Group has today unveiled plans to cut 550 roles, or about 5% of its global workforce, and reported a fall in gross premiums written in the third quarter, weighed down by its underperforming motor insurance business.
Business • 11 Nov 24

Direct Line appoints new CEO after tough 2022

British motor and home insurer Direct Line Insurance Group has today named Adam Winslow, a senior executive at Aviva, as its CEO, seeking to reset after profits fell by 95% in 2022.
Business • 30 Aug 23

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