Direct Line Group News
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DLG interim CMO to exit insurer for German firm
’His extensive expertise in marketing, digital business models and customer-centric leadership will be invaluable to our future growth,’ says chief executive
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DLG launches new initiative to improve vehicle repair standards
’We’re not only raising the bar for vehicle safety, but also ensuring we’re prepared to meet the demands of an increasingly complex automotive landscape,’ says claims director
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DLG announces new appointments to executive committee after Aviva deal
Their input ’will be invaluable as we continue our business transformation and supporting our people through a period of change’, says chief executive
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Aviva reveals job cuts plan after agreeing to buy DLG for £3.7bn
Aviva aims to save £125m annually in pre-tax costs within three years of the deal being completed
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Insurance Times Review of the Year – Q4 2024
Insurance Times looks at highlights from Q4 2024 in its review of the year
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Insurance Times Review of the Year – Q2 2024
Insurance Times looks at highlights from Q2 2024 in its review of the year
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DLG directors unhappy with insurer’s share price before accepting Aviva deal
DLG’s share price was trading ’close to a 12-month low prior to Aviva’s initial approach’, says statement
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Man jailed after £100,000 crash for cash plot involving Aston Martin
’Cases like this demonstrate the greed of insurance fraudsters and the measures they will take for financial gain,’ says detective
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Winslow responds as DLG officially agrees £3.7bn sale to Aviva
Winslow left Aviva to join DLG as its chief executive in March 2024
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Aviva to buy DLG for £3.7bn as takeover officially agreed
The two firms have reached an agreement on the terms of a cash and share offer
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DLG-owned Direct Line goes live on Compare the Market
Chief executive says the insurer is ’delivering a key pillar of its corporate strategy’
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Regulator reveals DLG breached rules over insurance add-on
Over 300 customers were affected, says watchdog
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DLG defeats siblings who tried to fraudulently claim over £450,000
’We are committed to ensuring those who attempt to make fraudulent claims against us are dealt with by the relevant authorities,’ says head
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This week’s biggest M&A stories
Insurance Times rounds up the biggest M&A news stories from 9 to 13 December 2024
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Aviva boss Blanc eyeing up more takeover targets after DLG deal
Aviva and DLG have reached a preliminary agreement on the financial terms for a potential acquisition
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Aviva ‘keen to wrap up DLG takeover quickly’
According to British takeover rules, Aviva has until 25 December 2024 to make a firm offer or walk away
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DLG founder responds to Aviva takeover agreement as market implications revealed
Founder calls potential £3.6bn takeover of DLG a ‘done deal’
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This week’s biggest M&A stories
Insurance Times rounds up the biggest M&A news stories from 2 December to 6 December
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Aviva/DLG takeover: The story so far…
Below is the story of events that led to Aviva being successful in reaching a preliminary agreement with DLG over a potential acquisition
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CMA and market share claims made after DLG accepts Aviva takeover proposal
’There will be concerns over the fact that the new DLG/Aviva proposed entity would have a potentially dominant market share,’ says director