DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Adam Winslow - 1 Winslow - 1 Penny James - 1 Jon Greenwood - 1 Sinchita Mitra - 1 Eva Mathews - 1 Huw Jones - 1 Varun - 1
Top related locs:
British Bengaluru London
Top related orgs:
Line Insurance - 1 Aviva - 1 UK & Ireland - 1 Direct - 1 Thomson - 1

Search resuls for: "Jon Greenwood"


3 mentions found


☆ UK's Direct Line appoints CEO after tough 2022
  + stars: | 2023-08-30 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Aug 30 (Reuters) - British motor and home insurer Direct Line Insurance Group (DLGD.L) on Wednesday named Adam Winslow, a senior executive at Aviva (AV.L), as its CEO, seeking to reset after profits fell by 95% in 2022. Winslow, who is currently CEO of UK & Ireland general insurance at FTSE 100-listed Aviva, will join Direct Line in the first quarter of 2024. His appointment comes after Penny James, Direct Line's CEO for nearly four years, stepped down in January and Chief Commercial Officer Jon Greenwood was appointed acting CEO. Direct Line reported in March that its operating profit dropped 95% in 2022 after inflation drove up the cost of motor repairs and it warned that 2023 would be impacted by higher than previously expected claims inflation. Direct Line reports first-half 2023 results on Sept. 7.
Persons: Adam Winslow, Winslow, Penny James, Jon Greenwood, Sinchita Mitra, Eva Mathews, Huw Jones, Varun Organizations: Line Insurance, Aviva, UK & Ireland, Direct, Thomson Locations: British, Bengaluru, London
☆ UK insurer Direct Line expects motor claims to hit 2023 earnings
  + stars: | 2023-05-09 | by ( ) www.reuters.com   time to read: +1 min
May 8 (Reuters) - Direct Line Insurance Group Plc (DLGD.L) said on Tuesday it expected more adverse claims in motor, especially in relation to damage, to pressure its earnings in 2023, sending the British insurer's shares 8% lower in early trade. The motor and home insurer posted a 9.7% rise in quarterly gross written premiums to 805.7 million pounds ($1.02 billion), helped by price increases to cope with a challenging motor insurance market. "2023 earnings outlook continues to be challenging," acting CEO Jon Greenwood said in a statement, adding that the company's focus was to improve its motor insurance claim margins. Shares in Direct Line fell 8% and fellow motor insurer Admiral dropped nearly 4% by 0714 GMT. ($1 = 0.7923 pounds)Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
☆ British motor insurer Direct Line's CEO Penny James steps down
  + stars: | 2023-01-27 | by ( ) www.reuters.com   time to read: +1 min
Jan 27 (Reuters) - Direct Line Insurance Group's (DLGD.L) chief executive of nearly four years, Penny James, will step down with immediate effect after the British motor and home insurer faced "significant headwinds" in recent months, the company said on Friday. James, who joined Direct Line as finance chief in late 2017, took over as CEO in May 2019 and steered the company through the COVID-19 pandemic, when motor insurers performed well as restrictions limited the number of drivers on the road, leading to fewer accidents. The appointment of a new CEO will allow the company to "reset and rebuild" after a "tumultuous time", JPMorgan analysts wrote in a note. The company appointed Chief Commercial Officer Jon Greenwood as acting CEO, with Chair Danuta Gray saying Greenwood would focus on driving performance and restoring the balance sheet. Spells of extreme weather in Britain over the past year have also led to more claims for subsidence and burst pipes.
0 next >>
Total: 3