Skadden-Led Property Insurer Bids £520M For Direct Line Unit

By Najiyya Budaly (September 7, 2023, 1:07 PM BST) -- Intact Financial Corp. of Canada will buy the brokered commercial insurance business of Direct Line for £520 million ($648 million), the companies said Thursday, to plug holes in the finances of the British business following an increase in the price of motor cover claims....

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