Aankondiging • Jul 03
FCA Cancels Listing of Direct Line Insurance Group Shares from Official List & LSE Direct Line Insurance Group plc announced that Further to the announcement made by the boards of Direct Line and Aviva on 2 July 2025, Direct Line announces that, following an application by Direct Line, the Financial Conduct Authority has cancelled the listing of Direct Line Shares on the Official List and the London Stock Exchange has cancelled the trading of Direct Line Shares on the London Stock Exchange's Main Market for listed securities, in each case with effect from 8:00 a.m. (London time), 3 July 2025. Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the scheme document published on 10 February 2025 in relation to the recommended cash and share offer by Aviva for the entire issued and to be issued share capital of Direct Line, effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the "Scheme Document"). Aankondiging • Jun 27
Direct Line Insurance Group plc Announces Directorate Change Direct Line Insurance Group plc announced that further to the announcement on June 23, 2025 outlining intended Direct Line board changes, following a Board meeting held on June 26, 2025, Direct Line confirms that the individuals listed as prospective directors in the June 23 announcement have now been formally appointed as directors of Direct Line, subject to, and with effect from, the scheme of arrangement to implement Aviva's acquisition of Direct Line becoming effective. In accordance with the Financial Conduct Authority's UK Listing Rules ("UKLR"), the details of all directorships held by those individuals in other publicly quoted companies at any time in the previous five years are as follows: Ian Clark, Aviva plc, Non-Executive Director (11 March 2024 - present) and Sabre Insurance Group plc, Non-Executive Director (21 September 2017- 22 May 2024); Fiona Fry, AJ Bell plc,Non-Executive Director(7 December 2023 - present) and Charlotte Jones, Aviva plc, Group Chief Financial Officer (5 September 2022 - present) and RSA Insurance Group plc, Chief Financial Officer (1 April 2018 - 1 April 2022). Aankondiging • May 16
Direct Line Insurance Group plc Approves Final Dividend Direct Line Insurance Group plc approved a final dividend of 5.0 pence per share, at its AGM held on 14 May 2025. Aankondiging • Mar 05
Direct Line Insurance Group plc, Annual General Meeting, May 14, 2025 Direct Line Insurance Group plc, Annual General Meeting, May 14, 2025. Aankondiging • Feb 11
Direct Line Insurance Group plc to Report Fiscal Year 2024 Results on Mar 04, 2025 Direct Line Insurance Group plc announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on Mar 04, 2025 Aankondiging • Nov 28
Aviva plc (LSE:AV.) cancelled the acquisition of Direct Line Insurance Group plc (LSE:DLG) for £3.25 billion. Aviva plc (LSE:AV.) submitted a non-binding proposal to acquire Direct Line Insurance Group plc (LSE:DLG) for £3.25 billion on November 19, 2024. The consideration consists of common equity of Aviva plc at a ratio of 0.282 per common equity of Direct Line Insurance Group plc. A cash consideration valued at £1.125 per share will be paid by Aviva plc. As part of consideration, an undisclosed value is paid towards common equity of Direct Line Insurance Group plc. The Proposal represents total consideration valued at 250 pence per share. Aviva is required to either announce a firm intention to make an offer for the Company or announce that it does not intend to make an offer for the Company by December 25, 2024.
Peter Brown, Sian Evans, Peter Catterall and Michael Lamb of Citigroup Global Markets Limited acted as financial advisor for Aviva plc. Anthony Gutman, Nimesh Khiroya and Bertie Whitehead of Goldman Sachs International acted as financial advisor for Aviva plc. Ben Grindley, Laurence Hopkins and Melissa Godoy of Morgan Stanley International Limited acted as financial advisor for Direct Line Insurance Group plc. Simon Robey and Chetan Singh of Robey Warshaw LLP acted as financial advisor for Direct Line Insurance Group plc.
Aviva plc (LSE:AV.) cancelled the acquisition of Direct Line Insurance Group plc (LSE:DLG) on November 26, 2024. Direct Line Insurance board unanimously rejected the Proposal stating that the Proposal as substantially undervaluing Direct Line, and has declined to engage further with Aviva. Aankondiging • Nov 01
Direct Line Insurance Group plc Appoints Carol Hagh as Member of Its Remuneration Committee The Board of Direct Line Insurance Group plc announced that it has resolved to appoint Carol Hagh, independent Non-Executive Director, as a member of its Remuneration Committee with effect from 1 November 2024. Aankondiging • Oct 10
Direct Line Insurance Group plc Announces Directorate and Committee Changes Direct Line Insurance Group plc announced that Jane Poole has joined DLG as has been appointed to the Board as an Executive Director with effect from today. Jane has also been appointed as a member of the Board's Investment Committee. As announced on 10 April 2024, Jane is succeeding Neil Manser, who has ceased to be an Executive Director, also with effect from October 10, 2024. Aankondiging • Sep 04
Direct Line Insurance Group plc to Declare A Dividend, Payable on 11 October 2024 Direct Line Insurance Group plc reviewed the progress the Group has made in turning around the business and, based on the Group's strong solvency coverage ratio and underlying capital generation over the last 12 months, has concluded it is appropriate to declare a dividend of 2.0 pence per share (£26 million). The dividend is scheduled to be paid on 11 October 2024 to shareholders on the register on 13 September 2024. The ex-dividend date will be 12 September 2024. Aankondiging • Jul 04
Direct Line Insurance Group plc to Report First Half, 2024 Results on Sep 04, 2024 Direct Line Insurance Group plc announced that they will report first half, 2024 results on Sep 04, 2024 Aankondiging • May 09
Direct Line Insurance Group plc Approves Final Dividend Direct Line Insurance Group plc at its Annual General Meeting held on May 8, 2024 approved a final dividend of 4.0 pence per share at the Annual General Meeting . Aankondiging • May 03
Direct Line Insurance Group plc Announces Significant Leadership Changes Direct Line Group announced three new appointments to its Executive Committee to further strengthen its management capability and drive growth. Craig Thornton is to be appointed Managing Director, Home and Growth, Martin Milliner as Managing Director of Claims and Hugh Hessing as Chief Operating Officer. All three appointments will report directly to the CEO and are subject to regulatory approval. In addition, the Group announced two further senior appointments: Roger Lowry as Director of Corporate Affairs and Alexandra Hayes as Chief of Staff to augment and strengthen the skills and experience of its leadership team. Both appointments will report directly to the CEO, Adam Winslow, and will attend the Executive Committee. In the role of Managing Director Home and Growth, Craig Thornton will lead the Group's Home and Growth insurance strategies across all brands and utilise his impressive track record at ExCo level for the benefit of the business more broadly. Craig joins the Group after spending the last ten years at Lloyds Banking Group, where he was General Insurance, Protection and Investments Director. Martin Milliner joins as Managing Director of Claims and brings extensive claims experience and expertise. He will drive the Group's ambition to build a market-leading claims function, delivering great service for customers and increasing operational efficiency. He joins the Group from Allianz where he was Claims Director and was previously Head of Operational Claims and Director of Claimant Technical Services at LV=. Martin is an industry thought leader and strategist and has sat on the Thatcham and Insurance Fraud Bureau boards. As Chief Operating Officer Hugh Hessing will lead Customer operations, Procurement, and Transformation activity across DLG ensuring there is a strong customer focus. Hugh has extensive experience in these areas, having been UK Chief Operating Officer and UK Customer Services Director at Aviva and CEO of Aviva Ireland. Hugh has also led major transformation initiatives that delivered significant outcomes whilst he was at Aviva and prior to that at KPMG. He has most recently been running his own consultancy business in the financial services sector. Roger Lowry will join as Director of Corporate Affairs to strengthen the Group's external and internal communications. Roger was most recently Director of Communications and Marketing at QBE Insurance. He brings a wealth of financial services and regulatory experience having also held senior positions at Royal Bank of Scotland and Ofcom. Alexandra Hayes (Alex) will take up the post of Chief of Staff to the CEO supporting him across the Group's strategic priorities and deliverables. Alex joins from Lloyd's where she has been Chief of Staff to the CEO. She has extensive experience of driving results across a range of financial services companies in various roles, along with multiple leadership roles on operations as a Royal Engineers Officer in the British Army. Aankondiging • Mar 25
Ageas Plans Not to Make Further Offer for Direct Line Insurance ageas SA/NV (ENXTBR:AGS) announced that, following the two recent attempts to engage with the Board of Directors of Direct Line Insurance Group plc (LSE:DLG) ("Direct Line") in relation to the acquisition by Ageas of the entire issued and to be issued share capital of Direct Line, which were both rejected, it will not make an offer for Direct Line. As a result of this announcement, Ageas (and any persons acting in concert with it) will, except with the consent of the UK Panel on Takeovers and Mergers (the "Panel"), be bound by the restrictions contained in Rule 2.8 of the Code. For the purposes of Rule 2.8 of the Code, Ageas (and any persons acting in concert with it) reserves the right to announce an offer or possible offer for Direct Line or make or participate in an offer or possible offer for Direct Line and/or take any other action otherwise precluded under Rule 2.8 of the Code within six months of the date of this announcement in the following circumstances described in Note 2 to Rule 2.8 of the Code: (i) with the agreement of the Board of Directors of Direct Line; (ii) if a third party (including another publicly identified potential offeror) announces a firm intention to make an offer for Direct Line; (iii) if Direct Line announces a Rule 9 waiver or a reverse takeover (as defined in the Code); or (iv) if the Panel determines there has been a material change of circumstances. On 19 January 2024, Ageas provided the Board of Direct Line with an initial possible offer proposal (the "Initial Possible Offer") to acquire the entire issued and to be issued share capital of Direct Line. The terms of the Initial Possible Offer were improved on 9 March 2024 and set out in an announcement (the "Improved Possible Offer") on 13 March 2024. Ageas believes that the proposal, on these terms, would have created significant value for both groups of shareholders and other stakeholders. Throughout the entire process, Ageas has always sought engagement with Direct Line's Board. Ageas regrets that it has not been able to work collaboratively together with the Board of Directors of Direct Line towards a recommended Firm Offer. Ageas was not able to identify additional elements based on publicly available information that would justify significant adjustments to the terms of its possible offer. Therefore, consistent with its financial discipline, Ageas has decided not to make a Firm Offer. Ageas continues to believe in the underlying attractiveness and future opportunities of the UK personal lines sector and the role of Ageas UK in this market, underpinned by its successful turnaround over the last few years. Ageas UK will continue to execute its focused personal lines insurance strategy alongside its valued distribution partners. Ageas remains focused on the execution of its strategy, as a group of local companies outperforming in their markets, benefitting from synergies within the Group. Ageas re-iterates its confidence to deliver on its stated Impact24 financial and operating targets thanks to the strong performance of its operating entities. The Group's solid foundations underpin our attractive dividend growth ambitions in line with our stated Impact24 ambitions and beyond this strategic cycle. Hans De Cuyper, CEO of Ageas, said: "We had hoped to reach agreement on a jointly recommended Firm Offer together with the Direct Line Board. However, I am convinced that given the circumstances we took the right decision not to make an offer, staying true to who we are and what we stand for in terms of maintaining a friendly approach and respecting our financial discipline. I sincerely want to thank our employees and advisors who delivered outstanding performance exploring this opportunity, and our investors for their continued trust in our company". Aankondiging • Mar 23
Direct Line Insurance Group plc Proposes Dividend for the Year Ended 31 December 2023, Payable on 17 May 2024 Direct Line Insurance Group plc is proposing a dividend for the year ended 31 December 2023 of 4.0 pence per share (£52 million). The final dividend is to be recommended to the shareholders at the annual general meeting scheduled for 8 May 2024 and paid on 17 May 2024 to shareholders on the register on 5 April 2024. The ex-dividend date will be 4 April 2024. Aankondiging • Mar 15
ageas SA/NV (ENXTBR:AGS) cancelled the acquisition of Direct Line Insurance Group plc (LSE:DLG). ageas SA/NV (ENXTBR:AGS) made an offer to acquire Direct Line Insurance Group plc (LSE:DLG) for approximately £3 billion on January 19, 2024. Under the terms of Ageas' Possible Offer, Direct Line shareholders would receive £1 in cash and one new Ageas share for every 25.24047 Direct Line Group shares. As of February 29, 2024, the Board considered the Proposal with its advisers and considered it to be uncertain, unattractive, and that it significantly undervalued Direct Line Group and its future prospects while also being highly opportunistic in nature. Accordingly, the Board unanimously rejected the Proposal. As of March 13, 2024, Ageas SA/NV submitted an improved possible offer to the Board of Directors of Direct Line to acquire the entire issued and to be issued share capital of Direct Line. Under the terms of Ageas' Improved Possible Offer, Direct Line shareholders would receive: (i) £1.20 in cash for each Direct Line share; and (ii) One newly issued Ageas share for every 28.41107 Direct Line shares. The Improved Possible Offer has an implied value of £2.39 per Direct Line share, representing a significant premium of 46% to 163.35 pence, being the undisturbed closing share price per Direct Line share on the business day prior to the announcement of the Initial Possible Offer. The Improved Possible Offer values the entire issued and to be issued ordinary share capital of Direct Line at approximately £3.171 million. The cash component of the consideration and associated transaction costs will ultimately be financed through a mix of existing cash and newly issued debt instruments. The share consideration is intended to be satisfied via newly issued Ageas shares.
The transaction remains subject to the satisfaction or waiver by Ageas of a number of pre-conditions, including, among others, completion of satisfactory due diligence by Ageas and reciprocal due diligence by Direct Line, receipt of irrevocable undertakings from each member of the Direct Line Board of Directors who holds Direct Line shares and Direct Line shareholders to vote in favor of the Improved Possible Offer, agreement of the detailed terms of the Improved Possible Offer and the unanimous and unqualified recommendation of the Board of Direct Line. Ageas reserves the right to waive in whole or in part any pre-conditions.
Jonathan Alpert, Geoff Iles, Marcus Jackson, Benjamin Ries and Sid Rishi of Merrill Lynch International acted as a financial advisor, Linklaters LLP acted as a legal advisor to ageas. Mark Sorrell, Charlie Lytle and Ashish Pokharna of Goldman Sachs International; Ben Grindley, Laurence Hopkins and Melissa Godoy of Morgan Stanley & Co. International plc, Oliver Hearsey, Elliot Thomas and Ezzedine Ben Frej of RBC Europe Limited acted as financial advisors to Direct line. Marie-Soazic Geffroy, Hubert Vannier, Derek Shakespeare, Inigo de Areilza, Charles Farquhar of Deutsche Bank AG, London Branch is acting as a financial adviser to Ageas. Simon Robey of Robey Warshaw LLP and Chetan Singh and James Robinson of J.P. Morgan Securities plc acted as financial advisor to Direct Line Insurance Group.
ageas SA/NV (ENXTBR:AGS) cancelled the acquisition of Direct Line Insurance Group plc (LSE:DLG) on March 13, 2024. Direct Line Insurance Board considered the Latest Proposal with its advisers and continues to believe the Latest Proposal is uncertain, unattractive, and that it significantly undervalues Direct Line Group and its future prospects while also being highly opportunistic in nature. Accordingly, the Board unanimously rejected the Latest Proposal. Direct Line Group shareholders are advised to take no action. Aankondiging • Feb 29
Direct Line Soars as Ageas Mulls 3.10b Bid Shares in Direct Line Insurance Group plc (LSE:DLG) jumped on February 28, 2024 after Belgian insurer ageas SA/NV (ENXTBR:AGS) confirmed it was considering making an offer for the company. Shares in Direct Line, the Bromley, England-based motor and home insurer, soared 22% to 199.69 pence each in London on February 28, 2024. Ageas said the terms of the proposed cash and shares offer had an implied value of 233p per Direct Line share, representing a premium of 43% to 163.35 pence, closing price on February 27, 2024. The terms of the proposed bid are 100p in cash for each Direct Line share, and one new Ageas share for every 25.24047 Direct Line shares. Ageas said this would value Direct Line at around GBP 3.10 billion. A combination offered "compelling strategic and financial value for both Ageas and Direct Line shareholders", it added. Ageas highlighted the potential to drive operational improvements and efficiencies, in part through the removal of overlapping overhead costs after the integration of Ageas' and Direct Line'sUK businesses. Earlier February 28, 2024, Bloomberg reported that Direct Line had rebuffed an approach from Ageas, citing people familiar with the matter. Aankondiging • Feb 09
Direct Line Insurance Group plc to Report Fiscal Year 2023 Results on Mar 21, 2024 Direct Line Insurance Group plc announced that they will report fiscal year 2023 results at 7:00 AM, Coordinated Universal Time on Mar 21, 2024 Aankondiging • Dec 07
Direct Line Insurance Group plc Announces Directorate Change Direct Line Insurance Group plc announced the following changes to the membership of the Board and its Committees. Sebastian James, Independent Non-Executive Director and Chair of the Sustainability Committee, who was appointed to the Board in August 2014, will be stepping down from the Board on 31 December 2023, having served as a Non-Executive Director for over nine years. David Neave, Independent Non-Executive Director, has been appointed as a member of the Audit Committee and the Board Risk Committee with effect from 6 December 2023. Tracy Corrigan, Mark Gregory, Adrian Joseph, Mark Lewis, Fiona McBain, David Neave and Gregor Stewart, independent Non-Executive Directors, will be appointed as members of the Nomination and Governance Committee with effect from 1 January 2024. Aankondiging • Oct 20
Direct Line Insurance Group plc Appoints David Neave as Independent Non-Executive Director The Board of Direct Line Insurance Group plc announced that David Neave has been appointed as an independent Non-Executive Director with effect from 19 October 2023. David's career has spanned General and Life Insurance, broking and the legal and technology sectors. He is Chair of the Advisory Board of The Common Automotive Platform Standard (CAPS) and has previously held chairmanships, non-executive directorships and advisory roles in a number of insurance, InsurTech, consultancy and legal businesses, including Slater and Gordon UK Ltd, The Solicitors Indemnity Fund, Liverpool Victoria Friendly Society and Accenture UK Ltd. His executive career culminated in his appointment as Chief Executive of General Insurance for Co-Operative Insurance, which followed over twenty years of senior management roles in claims and underwriting at RSA. Aankondiging • Sep 18
Direct Line Insurance Group plc(LSE:DLG) dropped from FTSE All-World Index (USD) Direct Line Insurance Group plc(LSE:DLG) dropped from FTSE All-World Index (USD) Aankondiging • Sep 08
RSA Insurance Group Limited signed an agreement to acquire Brokered commercial insurance business from Direct Line Insurance Group plc for £550 million. RSA Insurance Group Limited signed an agreement to acquire Brokered commercial insurance business from Direct Line Insurance Group plc for £550 million on September 6, 2023. As per the terms of the transaction, the Initial consideration is of £520 million, and potential further consideration of up to £30 million, contingent upon certain earn-out provisions relating to the financial performance of the Brokered Commercial Insurance Business. As at June 30, 2023, the total assets of the Brokered Commercial Insurance Business were £8 million. Transaction is subject to regulatory, court, and Direct line shareholders approval. The Direct line Board unanimously recommends that Direct Line Group shareholders vote in favor of the Transaction at the Company's general meeting. Morgan Stanley & Co. International plc, RBC Europe Limited acted as financial adviosrs, Allen & Overy LLP acted as a legal advisor to Direct Line Insurance Group plc. Aankondiging • Sep 01
Direct Line Insurance Announces CEO Changes Direct Line Insurance announced that it has appointed, Adam Winslow, as Chief Executive Officer. Winslow will take over in the first-quarter of 2024. Since May 2021, Winslow has led Aviva's UK and Ireland general insurance business. Prior to this, he was CEO of Global Life at AIG Life and Retirement, now Corebridge. On January 27, Direct Line had announced that its CEO Penny James has decided to step down with immediateeffect. Subsequently, its Chief Commercial Officer Jon Greenwood has been acting as the chief executive. As planned, Jon intends leave his executive career to pursue other opportunities. Aankondiging • Jun 02
Direct Line Insurance Group plc to Report First Half, 2023 Results on Sep 07, 2023 Direct Line Insurance Group plc announced that they will report first half, 2023 results on Sep 07, 2023 Aankondiging • Feb 18
Direct Line Insurance Group plc Appoints Mark Lewis as Independent Non-Executive Director, Effective 30 March 2023 The Board of Direct Line Insurance Group plc announced that Mark Lewis will be appointed as an independent Non-Executive Director with effect from 30 March 2023. Mark's career has spanned financial services, retail, e-commerce, management consultancy and advertising. Most recently, he was Chief Executive of the MoneySupermarket Group, overseeing a period of revenue and profit growth for the UK listed price comparison business. In earlier roles, Mark was the Retail and Online Director for John Lewis and the Managing Director of eBay UK, having started his career producing advertising. Mark is an independent non-executive director of Santander UK plc and a trustee of The Photographers' Gallery. Aankondiging • Jan 11
Direct Line Insurance Group plc Omits to Pay Final Dividend for the Financial Year 2022 Direct Line Insurance Group plc announced that the dynamics of 2022, and in particular the additional factors in the fourth quarter, have resulted in a capital coverage that is now expected to be at the lower end of its risk appetite range of 140% to 180%. Therefore, the Board no longer expects to pay a final dividend for the 2022 financial year. Aankondiging • Nov 05
Direct Line Insurance Group plc to Report Fiscal Year 2022 Results on Mar 07, 2023 Direct Line Insurance Group plc announced that they will report fiscal year 2022 results on Mar 07, 2023 
