Direct Line has falling premium in first quarter and expects claim hit
Direct Line expects to take a £50m hit from the ‘Beast from the East’ - sending shares down 4% this morning.
Direct Line said in a first quarter trading update that claims “associated with the big freeze” in the period were “expected to be in the region of £50m”.
That compares to a £55m set aside for the whole of the 12-month period for home insurance major weather claims and £20m for commercial insurance.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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