Direct Line premiums dip, roadside recovery service unit rebounds

Motor insurer Direct Line on Tuesday posted lower quarterly premiums because of weak car sales due to the COVID-19 crisis, but said premium growth in its roadside rescue and recovery service business ...
Morningstar

Insurance giant Aviva agrees to buy Direct Line for $4.6 billion

An earlier version of this story said Aviva made its initial offer on Nov. 27. Aviva in fact made its initial offer on Nov. 19 and then announced the offer publicly on Nov. 27 Direct Line has accepted ...
Forbes

Direct Line Shares Soar 25%+ As Ageas Launches Takeover Bid

Motor insurance giant Direct Line Insurance Group surged on Wednesday as rival Ageas announced a cash-and-stock proposal to buy the FTSE 250 firm. At 204.8p per share, Direct Line’s share price was ...
Bloomberg L.P.

Aviva Agrees to Buy UK Insurer Direct Line for £3.7 Billion

Aviva Plc agreed to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.65 billion) in a deal that would create the UK’s largest motor insurer. Each Direct Line shareholder will be ...