Analysis

Briefing: What the Aviva and Direct Line mega-deal means for UKGI

By 2025-03-13T08:00:00

Deal

Shareholders have approved Aviva’s £3.7bn takeover of DLG, and the deal looks set for completion in mid-2025, but what does the acquisition mean for the two businesses? And how will it impact the wider market?

By Matt Scott

It was arguably the biggest news of 2024, breaking just before Christmas on 6 December 2024 and rippling round the market as everyone was finishing off their shopping.

The sale of Direct Line Group (DLG), of course, was not unexpected, with Aviva having already had one bid rejected following Ageas’s failed bid earlier in the year.

And, on the face of it, the deal makes sense.

Read more…

Explore more M&A-related content here or discover other news analysis stories here

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

REGISTER NOW FOR FREE

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Uncover Secrets: Dive deep with exclusive annual reports, fueled by expert insights.
  • News That Matters: Award-winning coverage & analysis, delivered to your inbox.
  • Stay Ahead, Your Way: Daily or weekly - choose your news rhythm.
  • Own Your Learning: Curate your knowledge with a personalized library.

Register for FREE now and Keep Reading

Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.