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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.
Brolly, the U.K. digital insurance app, has been acquired by incumbent Direct Line Group. Originally founded by former Aviva underwriter and product manager Phoebe Hugh and former Skype and ...
The name of the company upon its formation in May 2000 was CGNU plc and was created when Norwich Union merged with insurer CGU. [7] In April 2002, the company's shareholders voted to change the company name to Aviva plc, an invented palindrome word derived from "viva", the Latin for 'alive' and designed to be short, memorable and work worldwide.
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.
NXP Semiconductors N.V. (NASDAQ:NXPI) shares are trading slightly lower on Tuesday in the premarket session. The firm announced that it has entered into a definitive agreement to acquire Aviva ...
On 23 July 2021, it was announced that the Motability scheme would be leaving the company and migrating to Direct Line Group with them taking over from 1 September 2023. [13] [14] On 4 April 2022, Tryg and Intact Financial announced the sale of 50% of its stake holding in its Middle East subsidiary RSA Middle East to National Life & General. [15]
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