Bank sold shares worth £1.1bn
The Royal Bank of Scotland (RBS) has sold its shareholding in Direct Line Group (DLG), raising £1.1bn.
The bank sold 423.2 million shares and now has no stake in the insurer.
RBS Group finance director Nathan Bostock said: “This successful sale completes RBS’s European Commission obligation to divest its interest in Direct Line Group ahead of schedule. We wish Direct Line Group every success in its independent future as an important provider of insurance products to customers in the UK and beyond.”
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.
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