Deal agreed to create a £16bn insurance giant with a fifth of the UK motor insurance market
Combined group would control a fifth of UK motor insurance market
FTSE 100 insurer makes second bid for its smaller rival at 261p a share
Key investors say they support Direct Line’s decision not to engage with its larger rival
A combination would redraw the UK insurance market
Plus, Hong Kong draws up potential crypto tax breaks for the super-rich and Goldman Sachs switches teams in UK takeover bid
Contact could pave way for hostile takeover bid for smaller rival
The UK insurer is probably betting that, given the juicy savings on offer, it can squeeze Aviva for more
Motor insurer says cash and shares proposal undervalues business
UK motor insurer targets £50mn cost savings in 2025 after bruising period
UK company has struggled with post-pandemic jump in cost of claims
UK motor insurer admits it mistakenly calculated its solvency capital ratio, a measure of financial strength
Hefty capital returns to shareholders in reinsurers are expected, with shares likely to follow
Insurer known for selling straight to customers will put flagship brand on platforms for first time
UK insurer says motor business has ‘turned the corner’ as it pushes up prices
UK car insurer needs to show it has overcome pricing problems if it is to deter Belgium group
Takeover interest comes after bruising year for UK motor insurer
Insurer reports deeper pre-tax losses in first half but says deal puts solvency in a ‘very healthy position’
Payouts come after chief executive left this year following string of profit warnings and dividend cut
Announcement comes a week ahead of results as insurer tries to recover from string of profit warnings
FCA orders motor insurer to go through five years of payouts for written-off vehicles
Those with an eye on the top job ought to keep the other one on rival Admiral
Rising costs of repairing damaged vehicles add to difficulties for UK insurer despite 19% increase in premiums
It feels like some companies just don’t want my business
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