Insurance Times rounds up the biggest headlines so far in 2025
Kicking off the New Year was Aviva, which revealed that it is planning job cuts after agreeing to acquire Direct Line Group (DLG) for £3.7bn.
Aviva aims to save £125m annually in pre-tax costs within three years of the deal being completed.
The insurer said that it expected this to be achieved through a reduction in overlapping roles across the combined group.
It was also reported by This is Money that DLG chief executive Adam Winslow is “likely to be comforted by a package worth millions of pounds following the deal”.
Meanwhile, Aon announced that it had completed its acquisition of UK-based broker Griffiths and Armour.
The transaction, which was first announced in November 2024, officially went through on 1 January 2025.
This week also saw restaurant group Tasty secure millions of pounds after agreeing a settlement with its insurer over a Covid-19 pandemic-era claim.
In a Stock Exchange announcement, Tasty said its claim was for a “breach of a contract for insurance for losses arising in 2020”.
And Arag Group announced that it had completed the integration of the DAS UK brand into its operations.
With the integration being complete, Arag now has its own insurance company, Arag Legal Expenses Insurance Company, and law firm, Arag Law, in the UK.
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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