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DLG bid evidence of ‘a fairly optimistic outlook’ for UK motor

By 2024-03-19T07:00:00

light at the end of the tunnel motor

The bids “suggest that someone who knows quite a lot about UK motor thinks it’s an area worth investing in”, says chief executive

The recent bids made by Belgian insurer Ageas to acquire Direct Line Group (DLG) are evidence of “a fairly optimistic outlook” for the UK motor insurance sector.

That was according to Sabre chief executive Geoff Carter, who told Insurance Times that the bids “suggest that someone who knows quite a lot about UK motor thinks it’s an area worth investing in”. 

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