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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: