UPDATE 1-Weather claims hit insurer Direct Line's profit; CEO to step down

(Adds details on weather claims, premiums) Aug 1 (Reuters) - Britain's largest motor insurer, Direct Line Insurance Group Plc, reported on Wednesday a 15.7 percent drop in first-half operating profit, hurt by a long, icy winter, and said its chief executive officer would step down next year. The company reported 75 million pounds ($98.3 million) of weather claims in the first half, mainly associated with brutal winter in the first quarter. Direct ...


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? Log in here here.
We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies.