Ex-Aviva chief lined-up to chair Direct Line flotation
Mike Biggs, former finance director at Aviva and current chairman of life assurance consolidation group Resolution, has been offered the chairmanship role at Direct line, a series of newspapers have reported.
According to the Financial Times, Mr Biggs was yet to accept the role but was thought to be close to doing so.
The report claimed the appointment meant a multi-billion pound flotation of the insurance business from parent group RBS was a step closer.
The newspaper added that Mr Biggs played a significant role in the demutualisation and flotation of Aviva, then Norwich Union, in 1997.
RBS has to dispose of its insurance arm by 2014 due to a ruling by European regulators following the UK
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