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    Direct Line Insurance Group PLC

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    • Thursday, 7 September, 2023
      Direct Line agrees £520mn sale of brokered commercial insurance unit

      Insurer reports deeper pre-tax losses in first half but says deal puts solvency in a ‘very healthy position’

      Direct Line logo
    • Friday, 1 September, 2023
      Direct Line to spend £30mn on refunds after overcharging customers

      Payouts come after chief executive left this year following string of profit warnings and dividend cut

      A red telephone on wheels sits on a table as staff members talk in the background in Direct Line’s offices
    • Wednesday, 30 August, 2023
      Direct Line appoints Aviva’s Adam Winslow as chief

      Announcement comes a week ahead of results as insurer tries to recover from string of profit warnings

      Direct Line logo
    • Wednesday, 28 June, 2023
      Direct Line to reassess claims after regulator discovers underpayments

      FCA orders motor insurer to go through five years of payouts for written-off vehicles

      Vehicles on the motorway
    • Tuesday, 9 May, 2023
      Lex
      Direct Line: new chief executive must repair dented car insurer Premium content

      Those with an eye on the top job ought to keep the other one on rival Admiral

      The Direct Line mascot
    • Tuesday, 9 May, 2023
      Direct Line warns of fresh pressure on earnings from inflation

      Rising costs of repairing damaged vehicles add to difficulties for UK insurer despite 19% increase in premiums

      Two drivers in an altercation behind their cars that have collided
    • Friday, 28 April, 2023
      James Max
      Rich People’s Problems: Why has my car insurance gone up so much?

      It feels like some companies just don’t want my business

    • Friday, 17 March, 2023
      Investments
      Investors’ Chronicle: Phoenix Group, Ferrexpo, Direct Line

      Companies analysis from our sister publication

      A man rubbing neck in pain from whiplash injury after a traffic accident
    • Monday, 13 March, 2023
      Direct Line admits it was ‘over optimistic’ about inflationary hit to prices

      Group swings to loss as cost of motor insurance claims spiralled because of higher parts and labour costs

      Mascot for Direct Line
    • Friday, 27 January, 2023
      Direct Line chief executive steps down after profit warnings

      Pressure had been building on the group after it scrapped its dividend earlier this month

      A Direct Line advert at a rail station
    • Wednesday, 11 January, 2023
      Lex
      Direct Line: dividend cut underscores motor insurer’s navigation error Premium content

      Company’s failure to see potholes ahead is disappointing

      Direct Line offices in England
    • Wednesday, 11 January, 2023
      Direct Line scraps dividend as cold snap pushes up claims

      Freezing temperatures in December are latest blow to insurance group

      Direct Line logo
    • Tuesday, 27 September, 2022
      LexAutomobiles
      UK motor insurance: inflation gain to follow inflation pain Premium content

      Saga’s shares are down a quarter, with other motor insurance groups also losing ground

      Driving up costs: UK motor insurance is expected to increase another 15 per cent to cover claim inflation
    • Friday, 5 August, 2022
      Investments
      Investors’ Chronicle: Domino’s Pizza, Travis Perkins, Direct Line

      Companies analysis from our sister publication

    • Tuesday, 19 July, 2022
      Cat Rutter Pooley
      The big UK earnings crunch is still to come

      Deliveroo and Direct Line point to looming problems and profit warnings across multiple sectors

      Deliveroo riders demonstrate to push for improved working conditions, in London
    • Monday, 18 July, 2022
      Lex
      Direct Line: motor insurers cannot lift premiums fast enough to steer out of trouble Premium content

      Higher used car prices, more expensive parts and longer repair times are pushing up claims costs

      Rush hour on a road in Birmingham
    • Monday, 18 July, 2022
      Direct Line issues profit warning as inflation pushes up claims costs

      Insurer cancels share buybacks as higher prices for car parts and used vehicles weigh on earnings

      Direct Line offices in Bromley, southern England
    • Wednesday, 4 May, 2022
      Direct Line cools new business over inflation concerns

      Insurer warns rising cost of claims is not reflected in market prices

      The logo of Direct Line Insurance Group
    • Tuesday, 9 November, 2021
      Direct Line warns second-hand car price surge is inflating accident claims

      One of UK’s largest motor insurers says cost of claims is running beyond expectations

      Prices for used cars in the UK have risen for the past 19 months and in October were up 26% from a year earlier, according to Auto Trader.
    • Friday, 6 August, 2021
      Investments
      Investors’ Chronicle: Greggs, BP, Direct Line

      Companies analysis from our sister publication

    • Tuesday, 3 August, 2021
      UK insurer Direct Line a winner as pandemic cuts commuting

      Group says frequency of motor insurance claims is lagging even as drivers return to the roads

      Junction 7 of London’s M25 ring road motorway
    • Tuesday, 4 August, 2020
      Direct Line reinstates dividend after drop in motor claims

      Insurer’s shares rise as first-half results beat analysts’ expectations

      The number of motor claims fell 70 per cent at the peak of the lockdown in April, as drivers stayed at home
    • Sunday, 14 June, 2020
      News in-depthUK insurance industry
      Insurers watch and wait as rusty drivers return to the roads

      Claims drop sharply during UK’s lockdown but traffic has started to rise again

      Traffic fell by about three-quarters between mid-March and mid-April, according to government data
    • Friday, 5 June, 2020
      UK companies
      Woodford anniversary proves provident for Invesco

      Fund house sees to unfinished business one year on from former star’s fall from grace

    • Wednesday, 8 April, 2020
      LexTesco PLC
      Tesco/UK dividends: welcome to the witch trials Premium content

      Cancelling payouts should not become a loyalty test

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