Edition:
India

Direct Line Insurance Group PLC (DLGD.L)

DLGD.L on London Stock Exchange

337.70GBp
13 Jul 2018
Change (% chg)

1.90 (+0.57%)
Prev Close
335.80
Open
337.30
Day's High
339.50
Day's Low
335.20
Volume
3,215,607
Avg. Vol
5,572,517
52-wk High
411.30
52-wk Low
327.30

Summary

Name Age Since Current Position

Michael Biggs

63 2012 Non-Executive Chairman of the Board

Paul Geddes

46 Chief Executive Officer, Executive Director

Penelope James

48 2017 Chief Financial Officer - Designate, Executive Director

Steve Maddock

2016 Chief Operating Officer

Jose Vazquez

2012 Chief Risk Officer

Humphrey Tomlinson

2014 General Counsel

Mike Holliday-Williams

2017 Managing Director - Personal Lines, Executive Director

Jonathan Greenwood

Managing Director - Commercial

Simon Linares

2016 Group Human Resources Director

Roger Clifton

Company Secretary

Mark Gregory

54 2018 Non-Executive Director

Gregor Stewart

2018 Non-Executive Director

Danuta Gray

58 2017 Non-Executive Independent Director

Jane Hanson

48 2011 Non-Executive Independent Director

Sebastian James

49 2014 Non-Executive Independent Director

Clare Thompson

61 2012 Non-Executive Independent Director

Richard Ward

59 2016 Senior Independent Non-Executive Director

Andy Broadfield

2015 Director of Investor Relations

Biographies

Name Description

Michael Biggs

Mr. Michael N. Biggs is a Non-Executive Chairman of the Board of Direct Line Insurance Group Plc. He is also Chair of the Nomination Committee. He has over 40 years’ experience of the UK and international financial services sector. He is a respected figure in the insurance industry and well regarded by City investors. Mike was previously Chairman of Resolution, then a FTSE 100 UK life assurance business, and has acted as Chief Executive Officer and Group Finance Director of Resolution plc. He was previously Group Finance Director of Aviva plc. He is an Associate of the Institute of Chartered Accountants in England and Wales.

Paul Geddes

Mr. Paul Robert Geddes is Chief Executive Officer, Executive Director of Direct Line Insurance Group Plc. He has been CEO since 2009 and led the Group through its financial turnaround, separation from RBS Group, initial public offering (“IPO”) and its entry into the FTSE 100. Under his leadership, the Group has delivered value for its customers and returns for shareholders by maintaining strong financial performance and underwriting discipline. This has been achieved with a clear strategy, by investing in the engagement of Direct Line people, embedding a values-driven culture and a focus on making insurance much easier and better value for customers. After joining RBS Group in 2004 as Managing Director responsible for products and marketing, he became the CEO of RBS Group’s mainland UK retail banking business. Before joining RBS Group, Paul held various senior multi-channel retailing roles in the GUS and Kingfisher groups. Paul started his career in marketing, with UK and European roles at Procter & Gamble.

Penelope James

Mrs. Penelope Jane (Penny) James has been appointed as Chief Financial Officer - Designate, Executive Director of the Company., effective 1 November 2017. Penny has extensive financial services experience, having been Group Chief Risk Officer and Executive Director at Prudential plc, where she was responsible for leading risk oversight globally. Before this she was Director of Group Finance at Prudential. She had previously been Group Chief Financial Officer at Omega Insurance Holdings Limited and CFO, UK General Insurance, at Zurich Financial Services. Penny was a Non-Executive Director of Admiral Group plc from January 2015 to September 2017. Penny is an Associate of the Institute of Chartered Accountants in England and Wales.

Steve Maddock

Mr. Steve Maddock is Chief Operating Officer of Direct Line Insurance Group Plc. He joined Direct Line Group in 2010 and has nearly 30 years’ experience of the insurance industry. Steve is responsible for leading the Group’s Claims, Information Technology (“IT”), Information Security, Procurement and Business Services functions. Under Steve’s leadership, the Group has realised significant benefits and efficiencies through delivering the claims transformation programme, rationalizing the Group’s property footprint, enhancing the procurement and contract management processes, and implementing the IT transformation programmes. Steve’s previous roles include Director of Strategic and Technical Claims at RSA, Director of Claims and Customer Service at Capita, and Director of Operations at AMP. Steve is also Chairman of the Motor Insurers’ Bureau.

Jose Vazquez

Mr. Jose Vazquez is Chief Risk Officer of the Company. He joined the Group in 2012 and has over 25 years’ experience of the insurance industry. José is responsible for the Group’s Risk Management and Compliance function and is a Fellow of the Institute of Actuaries. During José’s leadership of the Risk and Compliance function, the Group has achieved separation from RBS Group, delivered its IPO and sold its International division. José successfully led the programme to implement Solvency II and to design, build and obtain approval from the PRA for the Group’s Internal Model. Under his stewardship, the Group’s approach to risk management has developed and matured. This has been achieved by enhancing and embedding greater ownership of risk management in the business and driving improvements in risk behaviours and attitudes across the Group. José was previously Global Chief Risk Officer and Group Chief Actuary at HSBC Insurance. Before joining HSBC, José worked for Zurich Insurance, first in its London Market Operations, then as Chief Actuary International Business Division (Asia, Latin America and Africa) and lastly as Chief Actuary in the UK.

Humphrey Tomlinson

Mr. Humphrey Tomlinson is General Counsel of Direct Line Insurance Group Plc. He joined the Group in 2011 and has over 25 years’ experience as a solicitor. Humphrey is responsible for the Group Legal function and oversees a range of areas of legal advice and services. During Humphrey’s leadership of the Group Legal function and its team of lawyers, he has overseen the legal aspects of the Group’s £500 million debt issue, the IPO and the related separation of the Group from RBS Group, the sale of the Group’s International division, and the 2017 £350 million Restricted Tier 1 debt issue. He is also a Director of DLG Legal Services Limited. Humphrey’s experience includes advising on corporate and commercial matters, steering corporate transactions in the UK and internationally, managing legal risk and dealing with corporate governance issues. Before joining the Group, Humphrey was Group Legal Director at RSA and prior to that he was a corporate lawyer with the City law firm, Ashurst Morris Crisp. He is a graduate of the University of Oxford.

Mike Holliday-Williams

Mr. Mike Holliday-Williams is Managing Director - Personal Lines, Executive Director of Direct Line Insurance Group Plc. He joined Direct Line in 2014 and has over 10 years’ insurance industry experience. Under his leadership, the Personal Lines division has delivered strong growth, improved profitability and strengthened its competitive position. This has been achieved through a strong focus on our customers, by enhancing our proposition across our brands and channels, and improving our capability in trading, pricing and digital. Mike was previously CEO of RSA Group’s Scandinavian businesses, Codan A/S and Trygg-Hansa, and before that UK Managing Director of Personal Lines at RSA, responsible for the MORETH>N, Partnerships and the Broker businesses. Before joining RSA, Mike had many general management, marketing and customer growth roles across several industries including the energy, telecoms and retail sectors. Mike is a member of the ABI General Insurance Council.

Jonathan Greenwood

Mr. Jonathan Greenwood is Managing Director - Commercial of Direct Line Insurance Group Plc. He joined the Group in 2000 and has over 30 years’ experience of the insurance industry. Jonathan is responsible for delivering the Commercial strategy, developing customer propositions, enhancing the Commercial brands and delivering efficiencies within the Commercial businesses. Under Jonathan’s leadership, the Commercial division has returned to profit, delivered strong growth within Direct Line for Business, improved its pricing capabilities and strengthened NIG’s competitive position. He has also delivered enhanced customer propositions and improved digital capabilities. Jonathan was previously Managing Director of the Group’s household and life businesses. He joined the Group as Product and Pricing Director for UK Partnerships. Before joining the Group, Jonathan held roles at HBOS, MBNA and Pinnacle.

Simon Linares

Mr. Simon Linares is Group Human Resources Director of Direct Line Insurance Group Plc. He joined the Group in 2014 and is responsible for leading the Group’s HR function, Internal & External Communications and Public Affairs. He is also responsible for delivering the Group’s People and CSR strategies. Simon is a Fellow of the Chartered Institute of Personnel and Development. Under Simon’s leadership, the Group has achieved significant improvements in employee engagement, people development, succession planning and diversity & inclusion. Simon’s achievements include the Group becoming a signatory to the Women in Finance Charter, and the successful implementation of the Group’s Graduate and Apprenticeship schemes. Simon has spent the majority of his career as a leader in customer-centric businesses. Before moving into HR, Simon held several commercial business roles in the fast-moving consumer goods and financial services sectors. Simon is also a trustee of the KidsOut UK charity.

Roger Clifton

Mr. Roger C. Clifton is Company Secretary of the Company.

Mark Gregory

Mr. Mark J. Gregory is Non-Executive Director of the Company. Mark was an Executive Director at Legal & General Group plc ("L&G") from January 2009 until March 2017, having spent almost 20 years with the Group. He was L&G's Group Chief Financial Officer from 2013. Previously, he held various roles at L&G, including UK Services Operations Director, Managing Director (With-Profits) and more recently Group Executive Director (Savings). Prior to joining L&G, Mark held senior roles at Asda Group and Kingfisher plc.

Gregor Stewart

Mr. Gregor Stewart is Non-Executive Director of the Company. He is non-executive director of Alliance Trust PLC. Gregor is Deputy Chairman and a Non-Executive Director of Alliance Trust plc, Chairman of Intrinsic Financial Services Limited and a Non-Executive Director of FNZ Group. Previously, he was Finance Director, Insurance, Lloyds Banking Group plc until October 2012. He was also a Partner and Head of FS Advisory Services in Scotland for Ernst & Young LLP until 2008, having spent more than 20 years with the firm.

Danuta Gray

Ms. Danuta Gray is Non-Executive Independent Director of the Company. She was Chairman of Telefónica O2 in Ireland until December 2012, having previously been its Chief Executive from 2001 to 2010. During her nine year tenure as Chief Executive, she increased the customer base from just under 1 million to over 1.7 million. Prior to Telefónica O2, Danuta held various senior positions within BT Group from 1984 to 2001. Danuta is interim Chairman of Aldermore Group plc, a Non-Executive Director and Chairman of the Remuneration Committee of PageGroup plc, a Non-Executive Director and Chairman of the Remuneration Committee of Old Mutual plc, a Non-Executive Director of PaddyPower Betfair plc and a Non-Executive Member of the Defence Board of the UK Ministry of Defence.

Jane Hanson

Ms. Jane Carolyn Hanson is Non-Executive Independent Director of Direct Line Insurance Group Plc. She is Chair of the Board Risk Committee. She has extensive experience of risk management, corporate governance and internal control. She also has wide experience in developing and monitoring customer and conduct risk frameworks. She spent her early career with KPMG, working in the financial sector, later becoming responsible for delivering corporate governance, internal audit and risk-management services in the north of England. Jane has also held a number of executive roles, including Director of Audit, and Risk and Governance Director at Aviva’s UK Life business. She is a Fellow of the Institute of Chartered Accountants in England and Wales. Jane is Chair of Reclaim Fund Ltd and an Independent Member of the Fairness Committee at ReAssure Ltd. She has her own financial sector consulting business and is also a magistrate.

Sebastian James

Mr. Sebastian James is Non-Executive Independent Director of Direct Line Insurance Group Plc. He is Chair of the Corporate Social Responsibility Committee. He has extensive experience in retail and consumer practice at large groups; and has a detailed understanding of the UK consumer markets, products and brands. Sebastian was previously Chief Executive Officer of Synergy Insurance Services Limited and subsequently gained wide retail experience as Strategy Director responsible for developing and implementing the turnaround strategy at Mothercare. Sebastian is Group Chief Executive of Dixons Carphone plc and is also a trustee of the charities, Save the Children and The DSG International Foundation.

Clare Thompson

Ms. Clare Thompson is Non-Executive Independent Director of Direct Line Insurance Group Plc. She is Chair of the Remuneration Committee. She has extensive experience and knowledge of people and remuneration gained from her roles at PwC. These included People Partner for Assurance which focused on talent management and career development planning, as well as involvement in the design and operation of remuneration structures across PwC UK. She also has significant financial and audit experience. Clare was a partner at PwC from 1988 to 2011. During her 23 years as a partner, she held several senior and high-profile roles, particularly in the insurance sector. She is a Fellow of the Institute of Chartered Accountants in England and Wales. Clare is a Non-Executive Director of British United Provident Association (“Bupa”) and Retail Charity Bonds plc. She is also a Non-Executive member of the partnership board of Miller Insurance Services LLP, and Treasurer of the Disasters Emergency Committee.

Richard Ward

Dr. Richard Ward is a Senior Non-Executive Independent Director of the Company. He was Chief Executive of Lloyd’s of London, from 2006 to 2013. Richard previously worked for over ten years at the London-based International Petroleum Exchange, the second largest energy trading exchange, re-branded ICE Futures, as both Chief Executive Officer and Vice- Chairman. He has extensive insurance industry experience and insight into prudential regulation. Prior to the International Petroleum Exchange, Richard held a range of senior positions at British Petroleum and was Head of Marketing & Business Development for energy derivatives worldwide at Tradition Financial Services. Richard is Executive Chairman of Cunningham Lindsey and Non-Executive Chairman of Brit Syndicates Ltd. He also serves as a member of the PRA Practitioner Panel, Bank of England.

Andy Broadfield