Direct Line Group News – Page 2
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NewsRegulator reveals DLG breached rules over insurance add-on
Over 300 customers were affected, says watchdog
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NewsDLG 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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NewsThis 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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NewsAviva 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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NewsAviva ‘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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NewsDLG 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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NewsThis 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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NewsAviva/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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NewsCMA 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
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NewsAviva explains how it plans to purchase DLG after takeover bid accepted
The two firms reached a preliminary agreement on the financial terms for a potential acquisition
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NewsDLG accepts £3.6bn takeover offer from Aviva
Aviva has been successful in reaching a preliminary agreement with DLG over a potential acquisition after raising its offer
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NewsDLG founder responds to Aviva takeover bid
Founder says bid must increase by ’several hundred million pounds’ to be successful
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NewsWinslow’s plea to DLG shareholders as Aviva on ‘charm offensive’ over takeover bid
“[Amanda Blanc] is doing her job, but I’ve got my job to do, which is to drive value for shareholders,’ says Winslow
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NewsAviva ‘contacts DLG shareholders’ as ‘hostile takeover’ looms
’The shareholder outreach is designed to persuade the Direct Line board to come to the table,’ says report
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NewsDLG ‘declines to engage further’ with Aviva after takeover attempt
According to British takeover rules, Aviva has until 25 December 2024 to make a firm offer or walk away
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NewsDLG responds as Aviva attempts £3.3bn takeover of insurer
Aviva has submitted an ’opportunistic’ proposal to DLG
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NewsThe biggest people moves this week
Insurance Times rounds up the biggest appointments and promotions from 18 November to 22 November
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NewsAnother DLG exit as c-suite retires
’She has been a tremendous colleague and she will be missed when she leaves the business,’ says insurer
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NewsDLG c-suite to leave insurer after three years
’He leaves with our sincere thanks and best wishes for the future,’ says insurer
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NewsDLG reveals plans to axe around 550 jobs to cut costs
Chief executive says the insurer is in the early stages of a ’significant turnaround’ as it looks to make its operating model more efficient
