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Direct Line Group

#3059

Rank

$3.99B

Marketcap

GB United Kingdom

Country

Direct Line Group
Leadership team

Ms. Penelope Jane James ACA (CEO & Exec. Director)

Mr. Neil D. Manser (CFO & Director)

Mr. Ash Jokhoo (Chief Information Officer)

Products/ Services
Finance, Financial Services, Insurance
Number of Employees
1,000 - 20,000
Headquarters
Bromley, Bromley, United Kingdom
Established
1985
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
DLG.L
Overview
Location
Summary
Direct Line Insurance Group plc provides general insurance products and services in the United Kingdom. The company operates through Motor, Home, Rescue and Other Personal Lines, and Commercial segments. It offers motor, home, rescue, travel, creditor, and pet insurance products, as well as insurance for mid-to-high-net worth customers; and commercial insurance for small and medium-sized enterprises. The company also provides management, motor vehicle repair, insurance intermediary, support and operational, legal, and breakdown recovery services. It sells its insurance products directly through price comparison Websites and phone, as well as through partners and brokers under the Direct Line, Churchill, Green Flag, Direct Line for Business, DLG Partnerships, NIG, Privilege, DLG Legal Services, Darwin, and DLG Auto Services brands. The company was formerly known as RBS Insurance Group Limited and changed its name to Direct Line Insurance Group plc in February 2012. Direct Line Insurance Group plc was founded in 1985 and is based in Bromley, the United Kingdom.
History

The company was originally established in 1985 by Peter Wood and Martin Long, as the insurance division of The Royal Bank of Scotland Group . It was the first telephone only insurance company in the United Kingdom. In September 2012, the group's then chief executive, Paul Geddes, announced the business was "operating as a standalone insurance company", in advance of a future full divestment from the RBS Group.The company was the subject of an initial public offering in October 2012. RBS sold a 30% share of the business in the IPO, and sold a further 17% in March 2013, reducing its holding in the business to 48.5%. RBS sold a further 20% in September 2013, and sold the remainder of its holding in February 2014.Direct Line sold its TRACKER Network UK telematics business to the private equity firm Lysanda in February 2014. In September 2014, it was announced that Mapfre would acquire the Italian and German businesses of Direct Line, for a sum of €550 million. In February 2019, Direct Line announced it would be appointing chief financial officer Penny James as the CEO.

Mission
Our mission is to provide customers with quality, innovative and reliable products and services at competitive prices.
Vision
Our vision is to build long-term relationships with our customers, whilst delivering the highest levels of customer service and delivering a fantastic return on their investment.
Key Team

Paul Smith (Investor Relations Director)

Mr. Humphrey Michael Tomlinson (Gen. Counsel)

Jade Trimbee (Corp. Communications Mang.)

Ms. Jessie Burrows (Managing Director of Customer Sales, Service & Claims)

Mr. Jonathan Paul Greenwood (Chief Commercial Officer)

Ms. Victoria Jane Wallis (Chief People Officer)

Ms. Jennifer Thomas (Head of Financial Communications)

Recognition and Awards
Direct Line Group has won numerous awards, including Insurance Provider of the Year in 2020 and quotes for the happiest customers.
References
Direct Line Group
Leadership team

Ms. Penelope Jane James ACA (CEO & Exec. Director)

Mr. Neil D. Manser (CFO & Director)

Mr. Ash Jokhoo (Chief Information Officer)

Products/ Services
Finance, Financial Services, Insurance
Number of Employees
1,000 - 20,000
Headquarters
Bromley, Bromley, United Kingdom
Established
1985
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
DLG.L