NIG future uncertain as RBS confirms insurance sale plan
Rumours of disposal strategy start circulating the market
The future of NIG was once again the subject of intense speculation after Royal Bank of Scotland confirmed the sale of its insurance arm, RBSI.
Rumours have begun circulating that the insurance division, which is made up of several direct brands such as Direct Line, Churchill and Privilege as well as NIG, could be floated as either one entity or broken up into its constituent parts and floated.
According to market sources, the latter is the favoured option of management within the
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