Archive

Direct Line CFO pledges dividend and capital action update by half year point

The firm's profit dropped by nearly 95% in 2022

Penny James steps down as Direct Line CEO

Jon Greenwood will take over as acting CEO

Motor claims inflation in UK "worse than initially feared"

Further rate increases above claims inflation are required, says Jefferies

Direct Line shares fall 25% as inflation and weather claims bite

UK home and motor insurer cancels dividend for 2022

Direct Line sees motor claims inflation running at 10%

UK court delays are slowing release of prior-year reserves

Direct Line Group's carbon reduction plans approved by SBTi

Direct Line appoints Nicola Hartley to senior capital and investment role

UK's home insurance premiums drop, despite price walking ban

Average premiums are down 7% since last year, ABI reports

Direct Line chief bemoans "greater than anticipated" pricing reform impact

The UK general insurer was also severely affected by heightened inflation

Direct Line cancels share buyback as inflation worries mount

UK motor insurer's solvency drops 26pp in six months