By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Global NewsphereGlobal Newsphere
  • International
  • Sports
  • Business
  • Entertainment
  • Politics
  • Travel
Reading: Aviva takeover of Direct Line set for July 1 despite job concerns
Notification Show More
Global NewsphereGlobal Newsphere
  • International
  • Sports
  • Business
  • Entertainment
  • Politics
  • Travel
© 2025 All Rights reserved | Powered by Globalnewsphere
Global Newsphere > Business > Aviva takeover of Direct Line set for July 1 despite job concerns
Aviva takeover of Direct Line set for July 1 despite job concerns
Business

Aviva takeover of Direct Line set for July 1 despite job concerns

June 20, 2025 2 Min Read
Share
SHARE

Aviva takes over the line directly. Credit: Christorney, Shutterstock

Aviva plans to complete the acquisition of £3.7 billion (€43.5 billion) direct insurance on Tuesday, July 1, 2025, and complete the acquisition of direct insurance after expressing trust in the final clearance from the UK Competitive Markets Authority (CMA).

The CMA plans to publish its Phase 1 survey results on July 10th, but both Aviva and Direct Line say they are optimistic. “Following its constructive involvement with the CMA, Aviva is confident in ensuring unconditional clearance by the statutory period of phase 1,” the company said in a joint statement. Active investors.

The contract, first announced in December 2024, creates a major player with a market share of over 20% in the UK auto insurance market. Includes offerings from Direct Line brands: Churchill, Green Flag, Core Car, Home and Pet Insurance.

However, the merger has sparked concern among staff. Aviva previously announced that the post-merger cost cuts could put approximately 2,300 jobs at risk. Independence.

The direct line, which previously refused to bid from Belgian insurance company Ageas, is undergoing a £100 million cost-saving program under new CEO Adam Winslow, which took over in March.

View all financial news.

See also  Restaurants sales break records

You Might Also Like

Is it still worth becoming self-employed in Spain in 2025?

Co-op CEO admits cyberattack stole data of all 6.5m members

ASOS bans shoppers for “too many returns”, including Premier accounts

Groundbreaking Business Hub to Transform Vélez-Málaga

QR supermarket price revolution: Will new label rules slash shopping bills?

TAGGED:Business News
Share This Article
Facebook Twitter Email Copy Link
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

MasOrange, Vodafone and GIC to create Spain’s biggest fibre network
MasOrange, Vodafone and GIC to create Spain’s biggest fibre network
Business
Lynette Howell Taylor elected president of US Academy
Lynette Howell Taylor elected president of US Academy
Entertainment
The Epoch Times
Trump Aide Says India’s Purchase of Russian Oil Is Financing War With Ukraine
Politics
The UN says 68 African migrants were killed after their boat capsized off the coast of Yemen
The UN says 68 African migrants were killed after their boat capsized off the coast of Yemen
International
300 Gazan children could be sent to UK for NHS treatment
300 Gazan children could be sent to UK for NHS treatment
International
New York Mets Manager Carlos Mendoza Concerned Over Franchise’s Future and Claims His Side Are ‘Going Through It’
New York Mets Manager Carlos Mendoza Concerned Over Franchise’s Future and Claims His Side Are ‘Going Through It’
Sports

About Us

Welcome to Global Newsphere, your trusted source for breaking news and insightful analysis from around the world. Our mission is to keep you informed with accurate, timely, and well-researched news that matters.

Legal Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

Trending News

Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike

Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike

The Epoch Times

Noem Taps New Leadership at ICE, Moves to Identify Leakers Within DHS

If You Don’t Have a Real ID by May 7, Can You Still Fly?

If You Don’t Have a Real ID by May 7, Can You Still Fly?

Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike
Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike
March 10, 2025
The Epoch Times
Noem Taps New Leadership at ICE, Moves to Identify Leakers Within DHS
March 10, 2025
If You Don’t Have a Real ID by May 7, Can You Still Fly?
If You Don’t Have a Real ID by May 7, Can You Still Fly?
March 10, 2025
The Epoch Times
Trump Rebukes Former Australian PM For Claiming CCP Leader More ‘Respectful’
March 10, 2025
© 2025 All Rights reserved | Powered by Globalnewsphere
Welcome Back!

Sign in to your account

Lost your password?