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Shares of Direct Line Insurance surged by over 36% in early trading on 28 November 2024 after the company rejected a £3.28 billion ($4.16 billion) takeover offer from rival Aviva, stating the offer "substantially undervalued" the company. Despite the surge, Direct Line's stock remained below the proposed offer price of 250 pence per share.
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.
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In keeping with the European Union's "mandated disposal strategy," Royal Bank of Scotland has sold 300 million shares of U.K.-based Direct Line Insurance for approximately $1 billion, RBS ...
Privilege is a division of the Direct Line Group founded in 1994 that specialises in selling insurance over the phone and internet. Privilege insurance, based in Bromley , is underwritten by UK Insurance Limited and currently sells home insurance, car insurance and car breakdown cover.
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.
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.
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