RBSI chief executive Paul Geddes moves to quash speculation once and for all over early NIG sale

Paul Geddes

RBSI chief executive Paul Geddes has vowed not to hive off NIG and sell it before a planned flotation in 2012.

Geddes, aiming to shoot down once and for all City speculation about an early NIG sale, speaking in a wide-ranging interview with Insurance Times, said: “The only reason I get frustrated is that we answer this question truthfully and consistently since I’ve been here.

“We wouldn’t be merging NIG as a separate underwriter into the whole business via a very complicated and time consumingly expensive process if we had plans to hive it off separately.

“We see particularly the value of the ‘S’ in ‘SME’ where we have a lot to bring to the marketplace.”

Click here to read the full interview with RBSI chief executive Paul Geddes.