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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]
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.
Following the bailout of RBS by the Government of the United Kingdom in 2008, the European Union demanded that certain group assets be sold off, including the insurance division. In February 2012, Churchill became part of the new Direct Line Group, which was created ahead of a divestment that was completed in February 2014. [4]
Brolly, the U.K. digital insurance app, has been acquired by incumbent Direct Line Group.The terms of the acquisition aren't being disclosed, while the transaction is expected to formally close ...
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 ...
LONDON -- In this investing video, Andy Paul and Nate Weisshaar discuss insurance company Direct Line , including its maiden dividend of 8 pence announced in its full-year results -- at today's ...
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.
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.