Talks are continuing between Royal Bank of Scotland and NatWest over the integration of their separate insurance operations, following the latter's takeover.

A merger of NatWest Insurance Services, the seventh largest UK broker with a commission income of £147m in 1998, and Royal Bank Insurance Services, the 25th largest broker with £24m commission income, would create the UK's largest banking and insurance services group.

Its combined commission income – £171m – would not be enough to overtake Heath Lambert Fenchurch, the UK's six largest broker, with a commission income of £250m.