The Competition and Markets Authority (CMA) has opened an investigation into Aviva’s £3.7 billion acquisition of rival insurer Direct Line. This significant move could reshape the UK’s insurance sector, combining
All posts tagged in Insurance Industry
6Articles
In a significant move that will reshape Britain’s insurance landscape, Aviva has announced plans to acquire Direct Line for £3.7 billion, creating one of the UK’s largest motor insurance providers.
Direct Line’s chief executive Adam Winslow has launched a spirited defence of the troubled insurer’s independence, urging shareholders to support his nascent turnaround strategy in the face of a £3.3
British motor insurance provider Direct Line has firmly rejected a £3.3 billion takeover approach from industry heavyweight Aviva, describing the offer as “highly opportunistic” and significantly undervaluing the organisation’s worth.
Aviva, the FTSE 100 insurance giant, faces serious allegations of tax evasion and regulatory violations in India, according to a report by the country’s tax authority. The Directorate General of
The Financial Conduct Authority (FCA) has announced its intention to launch a comprehensive market study into the £4bn life insurance sector, focusing on pure protection products. This move comes amidst
