Aviva’s Direct Line Group fined £10.6m for balance sheet reporting errors - The Prudential Regulation Authority said the firm’s main underwriter, UK Insurance Limited, miscalculated its balance sheet ...
This is an historical issue relating entirely to a period before Aviva completed its acquisition of DLG in July 2025,' says insurer ...
The PRA revealed that UK Insurance Limited (UKI) misstated its balance sheet during 2023 and 2024. This was attributed to ...
Direct Line Group contributed £174m to Aviva's operating profit for 2025's second half, supporting a 50% uptick in the insuer ...
Aviva had faced resistance when it first approached Direct Line in late 2024, with its initial 250p-per-share offer rebuffed as "highly opportunistic," Financier Worldwide reported at the time. The ...
Aviva, which acquired Direct Line for GBP3.7 billion, said: "The PRA has acknowledged that DLG and, subsequent to completion of the acquisition, Aviva, have co-operated with their investigation in an ...
Aviva reported a 24.6% jump in annual profit for 2025, reaching £2.2bn, boosted by its merger with Direct Line and general ...
UK's PRA fined Aviva’s UK Insurance Ltd $14M over Solvency II balance sheet miscalculation for 2023 and 2024, impacting the Aviva and DLG group.
Strong capacity and improving results are softening commercial markets, while catastrophe exposure and auto losses keep ...
Aviva India has appointed Harshit Agrawal as its new head of marketing. Agrawal brings over 16 years of experience in ...