Consultants line up to move liabilities to make sale easier

RBS has invited in advisers to carry out a £5bn restructuring of its insurance arm – including Direct Line and Churchill to prepare them for a sale in 2012, the Telegraph reports.

KPMG, PwC, Deloitte and lawyers Norton Rose have all met with management of RBSI.

The strategy would look at a "Part VII" restructuring to simplify its assets allowing a buyer to hold less capital against past risks.

An IPO is thought to be the most likely option for the insurance brands.

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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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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