Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 19th of June 2018

Direct Line


The Direct Line Group is an affiliate of the Royal Bank of Scotland, and covers a range of financial services focused on insurance services.

The company was founded in 1985 with the aim of selling car insurance directly over the phone, and has since grown to be one of the UK's largest car insurers.

Other insurance services provided by Direct Line include:

  • Pet Insurance
  • Travel Insurance
  • Life Insurance

Direct Line now also sells mortgages, loans, and savings products, as well as providing car breakdown cover and even selling cars online.

Website: Direct Line

Latest Direct Line News:

August 17, 2010

Motorists at risk from tired driving

by Richard Kilner

Story link: Motorists at risk from tired driving

Research commissioned by Brake and Direct Line has revealed that the majority of drivers have driven whilst tired, and a shocking lack of awareness regarding the facts of driving whilst exhausted. The survey found that the vast majority (74%) admitted driving whilst tired during the last 12 months, with 9% doing so habitually (once a […]



July 14, 2010

RBS consults on insurance business restructure

by Gill Montia

Story link: RBS consults on insurance business restructure

Royal Bank of Scotland (RBS) is consulting with potential advisers on the future of its insurance business, which includes Direct Line, Churchill, Green Flag and NIG. The outlook for the business has been uncertain for the past couple of years, the division having been put up for auction in 2008 with a price tag of […]



May 10, 2010

RBS UK job cuts focus on insurance division

by Gill Montia

Story link: RBS UK job cuts focus on insurance division

Direct Line and Churchill are likely to be hit with job losses in the coming year, as Royal Bank of Scotland (RBS) continues with its restructuring agenda and prepares to sell off its insurance business. The bank’s Privilege, UKI, Green Flag and NIG brands also form part of the insurance division, which employs over 16,000 […]



February 16, 2010

Motorists back tougher penalties for mobile phone users

by Richard Kilner

Story link: Motorists back tougher penalties for mobile phone users

Direct Line has commissioned research revealing that 69% of British motorists back harsher penalties for drivers caught using mobile phones behind the wheel. The news that motorists support heftier fines or more penalty points for the transgression comes as the Government contemplates introducing harsher punishments for drivers who use mobile phones. Direct Line’s early research […]



December 17, 2009

Direct Line covers airline failure

by Richard Kilner

Story link: Direct Line covers airline failure

Recent days have seen much turmoil in the world of airlines, with Flyglobespan becoming the latest airline to fail, leaving thousands of holidaymakers stranded overseas. Scotland’s Daily Record has reported that some 5,000 have been stranded abroad due to the failure. Over the course of the last two years around 60 airlines have failed, creating […]



November 1, 2009

Direct Line, Churchill and NIG up for sale again

by Gill Montia

Story link: Direct Line, Churchill and NIG up for sale again

Royal Bank of Scotland’s (RBS) insurance businesses will almost certainly be sold off as the Government proceeds with plans to create three new High Street retail banking chains from the part nationalised RBS and Lloyds Banking Group, and the wholly state owned Northern Rock. Ministers are putting the final touches to the proposals which could […]



September 17, 2009

Fines for uninsured driving better value than insurance

by David Masters

Story link: Fines for uninsured driving better value than insurance

Rogue drivers getting behind the wheel without insurance are not being deterred because the penalties if they’re caught are too lenient, Direct Line claimed this week. Under new government proposals, motorists caught driving an uninsured vehicle will be fined as little as £50 – less than fine given out to people who overfill their bin, […]



July 17, 2009

Homeowners urged to be wary of burglary

by Richard Kilner

Story link: Homeowners urged to be wary of burglary

Insurer Ecclesiastical has warned homeowners to be wary as burglaries are forecast to rise during the course of the summer. The summer months represent the peak of home insurance claims activity following a spike in burglaries, according to research commissioned by Direct Line. In 2008 some 800,000 homes were burgled over the summer. Direct Line […]



July 14, 2009

Carpetright adds extra mark-up to insurance claims

by David Masters

Story link: Carpetright adds extra mark-up to insurance claims

Carpet store Carpetright charges 40% more to insurers than it does to high street consumers, an investigation by the Guardian newspaper has revealed. Carpetright’s 450 stores across the UK receive £30 million of their annual income from insurance claims – on which they charge an extra £1 per square metre compared to standard consumer prices. […]



April 1, 2009

Direct Line wins most trusted insurer title

by Richard Kilner

Story link: Direct Line wins most trusted insurer title

Marketingweek.co.uk has reported the results of the Reader’s Digest annual survey, the ninth of its kind. After five years of holding onto the top spot as most trusted insurance provider Norwich Union has lost out to Direct Line. Brand loyalty is of utmost importance to firms, and many established financial brands have seen their reputations […]



March 13, 2009

One in six van drivers leave doors open

by David Masters

Story link: One in six van drivers leave doors open

Theft from vans is rife in the UK, with 21 vans being broken into every hour, research from Direct Line for Business has revealed. Over 550,000 vans have been broken into in the last three years – hardly surprising considering one in six van drivers don’t bother to lock their vehicle. Half of vans have […]



January 12, 2009

New private equity interest in RBS insurance

by Gill Montia

Story link: New private equity interest in RBS insurance

New private equity bidders may emerge for Royal Bank of Scotland’s (RBS) insurance business. The bank has been blowing hot and cold over the sale of the division, which includes the Churchill, Direct Line, Privilege, UKI and NIG brands, and reportedly rejected an offer from CVC Capital Partners in December, raising speculation that the auction […]



December 29, 2008

RBS may abandon insurance arm sale

by David Masters

Story link: RBS may abandon insurance arm sale

Royal Bank of Scotland (RBS) may call off the £7 billion sale of its insurance unit, which includes the Direct Line and Churchill brands. The Sunday Times reported yesterday that RBS, the UK’s second largest banking group, has already rejected an offer for its insurance business from private equity group CVC Capital Partners. RBS said […]



October 20, 2008

CVC joins forces with Swiss Re in RBS insurance bid

by Gill Montia

Story link: CVC joins forces with Swiss Re in RBS insurance bid

CVC Capital Partners, the Luxembourg-based private equity firm, is reported to have joined forces with Swiss re, the world’s largest reinsurer, to make a bid for the insurance business of Royal Bank of Scotland (RBS). The unit, which includes the Direct Line, Churchill, Privilege, UKI and NIG brands, was put up for sale during the […]



October 16, 2008

RBS rumoured to talking to CVC capital on insurance sale

by Gill Montia

Story link: RBS rumoured to talking to CVC capital on insurance sale

Royal Bank of Scotland (RBS) is rumoured to be in talks with Luxembourg-based private equity firm, CVC Capital Partners, over the sale of its insurance business. Both Reuters and The Times have reported that the bank is understood to be negotiating the sale of its Direct Line and Churchill brands and CVC is thought to […]



August 4, 2008

Allstate makes second round bid for RBS insurance business

by Gill Montia

Story link: Allstate makes second round bid for RBS insurance business

Allstate, the US insurance group, is reported to have submitted a bid for Royal Bank of Scotland’s (RBS) insurance business, which includes the Direct Line, Churchill, Privilege, UKI and NIG brands. The deadline for second-round offers was Friday of last week and according to the Financial Times, Allstate will be offering less than the £7 […]



June 11, 2008

RBS holds out for full price on insurance business

by Gill Montia

Story link: RBS holds out for full price on insurance business

In a statement following Royal Bank of Scotland’s (RBS) successful fundraising (in the form of a £12 billion rights issue), the group’s chief executive, Sir Fred Goodwin, said that he is confident of getting a full price for the group’s insurance business. RBS was caught short when the credit squeeze turned into a crisis because […]



May 31, 2008

Ping An withdraws from RBS Insurance sale

by Gill Montia

Story link: Ping An withdraws from RBS Insurance sale

Bidders for Royal Bank of Scotland’s (RBS) insurance business are now down to five. Ping An, has withdrawn from the contest, leaving Zurich, Allstate, Travelers, AIG and Allianz to battle it out. Ping An had been tipped as a strong candidate for a successful acquisition of the business, which could have provided the Chinese insurer […]



May 27, 2008

Churchill and Direct Line bidders line up

by Gill Montia

Story link: Churchill and Direct Line bidders line up

Royal Bank of Scotland’s (RBS) auction of its insurance businesses, which include Churchill and Direct Line, is reported to have attracted seven bidders so far. The bank’s advisers, Goldman Sachs and Merrill Lynch, have excluded private equity firms from the sale, which is expected to raise around £6 billion. Zurich, Allianz and Generali of Italy […]



May 7, 2008

Direct Line launches hotelier policy

by Gill Montia

Story link: Direct Line launches hotelier policy

Direct Line has expanded its Direct Line for Business brand with the launch of a policy aimed at owners of small hotels, guesthouses and bed & breakfast establishments. Applicants will need to be operating from one property and providing accommodation in a maximum of 12 rooms. Cover includes public and products liability of up to […]