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        By Miles, a UK-based pay-per-mile insurance provider, was acquired by Direct Line Group for an undisclosed amount.
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        Direct Line is one of By Miles&rsquo; underwriters, and the acquisition supports its objective of providing digital and tailored auto insurance. The company reported that the transaction will not have a significant impact on its capital position.
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        By Miles has sold 100,000+ policies since its launch in 2018 and currently has around 50,000 customers, writing around GBP 26 million (USD 32.4 million) in gross written premiums.
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  <p>
    <a href="https://www.directlinegroup.co.uk/en/news/company-news/2023/direct-line-group-acquires-by-miles.html#:~:text=Direct%20Line%20Group%20(the%20'Group,26m%20of%20Gross%20Written%20Premium.">
      Company press release
    </a>
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All Updates

By Miles acquired by Direct Line Group for undisclosed amount