Royal Bank of Scotland Insurance appoints advisers ahead of stock market listing
Royal Bank of Scotland has appointed Goldman Sachs and Morgan Stanley as advisers for the sale of its insurance arm.
Corporate financers will explore the possiblity of hiving off broker-only insurer NIG before the sale.
The two investment banks are understood to have won a 'beauty parade' of advisers to win the contract.
They will be expected to oversee the flotation or sale of the Churchill, Direct Line and Green Flag operation. A flotation is the bank's preferred option.
RBS must sell-off the unit by 2013 to obey anti-competition demands from EU regulators.
Royal Bank of Scotland declined to comment.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
