Direct Line appoints Aviva's Adam Winslow as CEO
30th Aug 2023 07:03
(Sharecast News) - Direct Line said it had appointed Adam Winslow as chief executive to succeed Jon Greenwood who has been acting CEO since January.
Read moreDirect Line sees no material hit from claim underpayment redress
29th Jun 2023 07:17
(Sharecast News) - UK insurer Direct Line said rectifying unfair motor claim payments over a five-year period to 2022 would not have a "material financial impact" on this year's results.
Read moreDirect Line Q1 average renewal premiums rise
9th May 2023 07:47
(Sharecast News) - Direct Line said on Tuesday that average renewal premiums rose in the first quarter but warned that rising claims in its motor segment will put pressure on earnings.
Read moreFCA to clamp down on rip-off building insurance commissions
21st Apr 2023 07:24
(Sharecast News) - The UK's financial watchdog has proposed new rules that will allow apartment leaseholders to claw back millions in rip-off insurance costs as part of a clampdown on scandalous overcharging by brokers working in conjunction with unscrupulous landlords.
Read moreJefferies upgrades Direct Line to 'buy'
20th Apr 2023 10:13
(Sharecast News) - Jefferies upgraded Direct Line on Thursday to 'buy' from 'hold' and lifted the price target to 210p from 175p, as it pointed to an improving market outlook and depressed valuation.
Read moreDirect Line surges on Citi upgrade to 'buy'
5th Apr 2023 08:32
(Sharecast News) - Direct Line surged on Wednesday after a double upgrade to 'buy' from 'sell' at Citi, which said that its industry channel checks give it more confidence on 2023 motor earnings.
Read moreBerenberg slightly lowers target price on Direct Line Insurance
28th Mar 2023 09:47
(Sharecast News) - Analysts at Berenberg slightly lowered their target price on insurer Direct Line from 159.0p to 152.0p on Tuesday, stating the group was "not deserving of a higher valuation".
Read moreDirect Line swings to full-year loss
13th Mar 2023 07:45
(Sharecast News) - Insurer Direct Line said on Monday that it swung to a full-year loss as it took a hit from inflation, and warned that 2023 earnings will be impacted by higher-than-expected claims inflation in the motor business.
Read moreCiti downgrades Admiral to 'neutral', reiterates 'sell' on Direct Line
3rd Mar 2023 09:34
(Sharecast News) - Citi downgraded its stance on Admiral on Friday and reiterated its 'sell' rating on Direct Line as it turned more cautious on UK motor insurance.
Read moreRBC Capital downgrades Direct Line, says risk/reward more balanced
17th Feb 2023 09:31
(Sharecast News) - RBC Capital Markets downgraded Direct Line on Friday to 'sector perform' from 'outperform' and slashed the price target to 190p from 260p, as it said the risk/reward of the shares is now more balanced.
Read moreUK Q4 average motor insurance costs rise 8% - ABI
3rd Feb 2023 07:12
(Sharecast News) - Britons paid 8% more for motor insurance over the last three months of 2022, the Association of British Insurers (ABI) said on Friday.
Read moreBerenberg slightly lowers target price on Direct Line
27th Jan 2023 09:10
(Sharecast News) - Analysts at Berenberg very slightly lowered their target price on insurance group Direct Line from 160.0p to 159.0p on Friday following the announcement of its quota share deal.
Read moreDirect Line boss steps down
27th Jan 2023 07:03
(Sharecast News) - The chief executive of Direct Line Insurance Group has stepped down, just two weeks after the insurer scrapped its dividend and sent the stock plummeting.
Read moreBerenberg downgrades Direct Line to 'hold'
25th Jan 2023 12:52
(Sharecast News) - Berenberg downgraded Direct Line on Wednesday to 'hold' from 'buy' and slashed the price target to 160p from 272p, as it said investors should be prepared for no dividend per share for 2023.
Read moreDirect Line cancels dividend; cites cold snap, motor inflation
11th Jan 2023 07:27
(Sharecast News) - Direct Line shares tumbled on Wednesday after the insurer said it was axing its final dividend for 2022 as it took a hit from claims related to severe cold weather and increases in motor inflation.
Read more