Long time coming: Why the RSA deal for NIG is ‘win-win’ for Intact, DLG and brokers
‘Not In Group’ has been seen as an accurate reading of the acronym NIG for a while now. Jonathan Swift looks at why the long-mooted acquisition target might finally become the ‘Nicely Integrated Gang’ within its new home RSA.
“There has been a lot of speculation about a link-up between AIG and RSA. Why not NIG and RSA?”
That was the question posed by a broker to Insurance Age in 2004, who proposed that NIG’s owner Royal Bank of Scotland Insurance [the precursor to Direct Line Group] could be the acquirer – and not vice-versa – after attending a roadshow held by the company.
Related NIG is "on track" despite market-wide speculation NIG future uncertain as RBS confirms insurance sale plan RSAOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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