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Aviva’s buyout of Direct Line needs UK antitrust clearance

By Jon Menon ( December 23, 2024, 11:24 GMT | Insight) -- Aviva’s 3.7 billion-pound buyout of smaller rival Direct Line Insurance Group, which would create the UK’s biggest car insurer, needs clearance from the antitrust regulator. The combined company would have a combined market share of 24 percent of the country's motor insurance market, according to an estimate.Aviva’s 3.7 billion-pound ($4.6 billion) buyout of smaller rival Direct Line Insurance Group, which would create the UK’s biggest motor insurer, is conditional on clearance from the antitrust regulator....

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