Morningstar

Direct Line: Review by FCA a Big Negative; We Lower Fair Value Estimate; Shares Remain Undervalued

After Direct Line DLG announced the appointment of new CEO Adam Winslow a few days ago, it revealed on Sept. 1 that the Financial Conduct Authority is undertaking a review of its past business. This ...
Seeking Alpha

Aviva: Direct Line Expected Acquisition Doesn't Change Its Income Appeal

Aviva's acquisition of Direct Line for $4.6 billion will significantly boost its market position in the U.K. personal lines, especially motor insurance. The deal is expected to generate £125 million ...
Wall Street Journal

Aviva Makes Firm $4.7 Billion Offer For Direct Line

Aviva formalized the terms of its takeover offer for Direct Line, which values the non-life insurer at around 3.7 billion pounds ($4.65 billion). Insurer and asset manager Aviva won over its smaller ...
MoneyWeek

Aviva agrees to buy Direct Line in £3.6bn insurance deal: is it time to buy shares?

Aviva and Direct Line Group have agreed a sweetened cash, shares and dividends deal that will see Aviva acquire its rival and capture more than a fifth of the combined UK motor insurance market. The ...
Morningstar

Direct Line's Competitive Position Is Steadying After Changing Conditions and Operational Headwinds

Direct Line was founded in 1985 by Peter Wood and Martin Long as a personal lines insurance company that operated with a model of direct-only sales. In the early days, the business became synonymous ...