Direct Line: new chief executive must repair dented car insurer
Anyone who has bought UK car insurance lately will have been shocked by soaring prices. They have not helped Direct Line so far. It warned of pressure on profits on Tuesday. The goal of an incoming chief executive should be to tease a turnround from higher policy prices.
The market for motor insurance is tough. The company says claims inflation will hit earnings this year. It was already struggling. Direct Line scrapped dividends and waved goodbye to chief executive Penny James in January.
This story originally appeared on: Financial Times - Author:Faqs of Insurances
