March 19, 2020 / 7:38 AM / in 13 days

CORRECTED-Direct Line halts buyback, sees rise in travel claims due to coronavirus

(Corrects share buyback amount to 150 mln pounds from 250 mln pounds in first paragraph)

March 19 (Reuters) - UK’s biggest motor insurer Direct Line halted its 150 million pounds ($172.56 million) share buyback programme on Thursday and said it expected a jump in travel insurance claims, while motor insurance claims could fall temporarily due to the coronavirus outbreak.

The company added that travel claims related to the virus climbed to 5 million pounds on March 15 from around 1 million pounds on March 3. ($1 = 0.8693 pounds) (Reporting by Muvija M in Bengaluru; Editing by Shailesh Kuber)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below