Adam Winslow was handed the deal as the company prepares for a £3.7 billion takeover by rival insurer Aviva.
Direct Line’s boss landed a bumper payday in 2024 despite spiralling prices for customers and hundreds of job cuts, as he oversaw a sale of the company to insurance giant Aviva.
By the end of the year, the blockbuster £3.7 billion takeover by his old firm had been agreed, which will also see Aviva take over the Churchill and Green Flag brands when completed. “Strong growth in our core product areas has driven improved trading performance, further supported by bringing Direct Line Motor on to price comparison websites for the first time,” he wrote.Nonetheless, Mr Winslow’s pay packet comes despite rising costs for customers.
Gross written premiums, meaning the total amount paid by customers who have an insurance policy, surged by a quarter year-on-year to £3.7 billion.
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