Hundreds of positions face elimination following Aviva’s proposed £3.6 billion acquisition of Direct Line, as the two insurance powerhouses accelerate their merger ahead of a critical Christmas deadline.
Direct Line has agreed to a £3.6 billion acquisition deal with Aviva.
Direct Line has accepted a £3.6 billion takeover offer from Aviva, setting the stage for the creation of one of Britain’s largest motor insurers.
Direct Line to cut 550 jobs following the loss of 500,000 customers
Direct Line has announced plans to cut 550 jobs after losing nearly 500,000 customers due to increased premiums.
Belgian firm launches £3.1 billion takeover bid for Churchill’s owner.
Direct Line, the company behind Churchill Insurance, is the target of a £3.1 billion takeover bid from a foreign entity, marking another instance of a British firm attracting overseas interest.