Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Direct Line Insurance Group PLC has approached an executive of larger peer Aviva PLC to be its next chief executive officer, Sky News reported late Saturday.
The Bromley, England-based motor and home insurer has approached Adam Winslow to take over as CEO. Winslow currently is the CEO of Aviva UK & Ireland General Insurance, having joined the London-based insurer in January 2021 to be CEO of International.
Citing ‘insurance industry sources’, Sky News said it was not yet clear whether Winslow will take the job.
https://news.sky.com/story/direct-line-approaches-aviva-executive-winslow-about-ceo-vacancy-12942791
Penny James stepped down suddenly as Direct Line CEO in January, after Direct Line said wouldn’t pay a final dividend for 2022 due to a big increase in weather related claims that pushed it into a loss on underwriting. Chief Commercial Officer Jonathan Greenwood was appointed as acting CEO.
Direct Line shares closed down 1.8% on Friday and are down 25% over the past 12 months.
Copyright 2023 Alliance News Ltd. All Rights Reserved.