Ex-Aviva chief lined-up to chair Direct Line flotation


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

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.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

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: