Bank set to keep RBSI, according to the Sunday Times.
The Royal Bank of Scotland is set to scrap the auction for its insurance business, RBSI, according to the Sunday Times.
The paper said the bank has raised close to £6bn through the sale of risky loans, and could therefore call off the sale of the division, which includes Direct Line and Churchill.
It is now believed RBS will accept no less than the £7bn price tag it had originally placed on RBSI.
American insurer Allstate is believed to be the only serious bidder left in the auction, however its bid two weeks ago is thought to have fallen at least £1bn short of the asking price.
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.
