By Elena Vardon
Direct Line Insurance Group PLC said Friday that Chief Executive Penny James is stepping down from the role with immediate effect.
The non-life insurer said current Chief Commercial Officer Jon Greenwood has been named as acting CEO while the board searches for a permanent successor to Ms. James.
Ms. James will assist the transition to ensure a smooth handover, the company said.
Write to Elena Vardon at elena.vardon@wsj.com