NIG break-up mooted following RBS call to boost balance sheet

Speculation as to the fate of broker-only insurer NIG is circulating the market, following RBS' confirmation that it plans to sell part or all of its insurance business in an effort to bolster its balance sheet.

Discussions with potential buyers of NIG had earlier been suspended in January due to the prospective bids being too low. Since its acquisition by RBS in 2003, the insurer has seen a number of changes in management, including the departure of former director of commercial lines, Lyn Carsl