Direct Line Insurance Group PLC (DLGD.L)
12 Nov 2018
Nov 6 Britain's largest motor insurer Direct Line Insurance Group reported a 5.8 percent drop in quarterly gross written premiums on Tuesday, hurt by lower average premiums for motor insurance policies and increased competition.
Britain's largest motor insurer Direct Line said its long-standing chief Paul Geddes would step down next year, as its first-half profit took a beating from the cold winter.
* Shares down 3.5 pct (Adds CEO, analyst comments, share movement)
Aug 1 Britain's largest motor insurer, Direct Line Insurance Group Plc, reported on Wednesday a 15.7 percent drop in first-half operating profit, hurt by a long, icy winter, and said its chief executive officer would step down in 2019.