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Direct Line is an insurance company based in Bromley, England. Founded in 1985, as the country's first direct car insurance company, it has since expanded to offer a range of general insurance products. Its policies are underwritten by the regulated subsidiary UK Insurance Limited, and it is owned by the Direct Line Group.
The group owns a number of general insurance brands operating within the United Kingdom, including Direct Line, Direct Line for Business, Churchill, Privilege, Darwin and Green Flag. Direct Line is a company that specialises in selling insurance and other financial services, sold directly to consumers by telephone and the internet. [23]
Sir Peter John Wood CBE (born 6 November 1946, in Surrey) is an English entrepreneur, most notable as the founder of the Direct Line and esure insurance companies. [1] Wood was appointed Commander of the Order of the British Empire (CBE) in the 1996 New Year Honours for services to the insurance industry, and knighted in the 2016 Birthday Honours for services to UK industry and philanthropy.
Direct Line is being sold at between 1.0 and 1.3 times its net tangible assets, compared to the 1.7 time RSA trades at. Punishment The company is being sold cheaply because RBS is a forced seller ...
Brolly, the U.K. digital insurance app, has been acquired by incumbent Direct Line Group. Originally founded by former Aviva underwriter and product manager Phoebe Hugh and former Skype and ...
Together with Peter Wood, he founded Direct Line in 1985, the first telephone-only insurance company in the UK. [2] Four years later, Long broke away to form Churchill, a company he would manage himself until its purchase by the Royal Bank of Scotland in 2003, [3] a deal that is said to have earned Long £50 million. [2]
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Green Flag Limited [1] is a British roadside assistance and vehicle recovery provider, which is part of the Direct Line Group.Formed in 1971, as the National Breakdown Recovery Club, as an alternative to the AA and RAC, it used a network of local garages and mechanics to deliver recovery and repair services, instead of patrolling mechanics.