NIG
Fortis "well placed" to step in over motor void
Fortis UK chief executive Barry Smith believes the insurance group is well positioned to take advantage of the upheaval in the brokered private motor market.
Buffett again linked with RBS Insurance business as bank begins adviser search
Warren Buffett has again beeen linked with the Royal Bank of Scotland's Insurance business according to reports in the weekend newspapers.
RBSI confirms office closures
Royal Bank of Scotland has confirmed that it will close 14 of its 27 insurance offices by 2013 with 2000 staff set to lose their jobs.
RBSI outlines plans to close 14 of 27 sites
Royal Bank of Scotland Insurance has revealed details of a mass closure of UK insurance sites that will see 2000 people lose their jobs.
View from the top: Changing for the better
The commercial insurance sector has seen five consecutive quarters of little or no price increases after nearly five years of steady decreases. These are challenging times for any commercial insurer or broker and when the top line isn't increasing, firms…
Editor's comment - RBSI: happy at home
Following the announcements of staff cuts and the possible withdrawal of NIG from personal lines, Royal Bank of Scotland Insurance showed its hand this week, and it was — to say the least — a little soiled by bodily injury claim losses.
Now for Tow Compare
Go Compare has diversified its offering to include caravan insurance, with Towergate and NIG among its providers.
RBSI CEO cries injustice as it is hit with 30 PPOs
Royal Bank of Scotland Insurance's decision to strengthen its reserves by £320m in lieu of bodily injury claims has contributed to an operating loss of £253m in the first six months of the year.
RBS Insurance records £253m loss in H1 2010
Royal Bank of Scotland's financial results show its insurance business in the first six months of 2010 was adversely impacted by a significant increase in bodily injury reserving, including adding £241m to reserves relating to prior years. In total RBSI…
Post Magazine - 5 August 2010
The August 5 edition of Post magazine is now available to subscribers as a digital interactive e-book.
News analysis - NIG withdrawal: NIG: a very personal exit
The announcement of the proposed closure of NIG's personal lines business last week has raised a host of questions.
Editor's comment: Can NIG win back trust?
The news of NIG's proposed withdrawal from the personal lines market has caused considerable discussion this week both on the Post website and in the magazine.
Insurers signal motor rate rises are coming
More insurers are expected to take a close look at their personal lines motor book, following the news that loss-making NIG has drawn up a proposal to exit the business.
PL brokers defiant over demise of NIG motor
Brokers have responded defiantly to any demise of NIG's personal lines motor book, insisting there is sufficient appetite to fill the void left by the insurer.
Post in print - 29 July 2010
Post reporter Amy Ellis outlines the main news from this week's issue of Post.
NIG looks to exit personal lines after sale ruled out
Royal Bank of Scotland Insurance has unveiled a plan to close its loss-making NIG personal lines business after ruling out a trade sale as "unviable" in the current market.
NIG set to exit personal lines
Royal Bank of Scotland insurer NIG has outlined plans to close its personal lines division and focus solely on commercial business.
Fortis recruits quartet in SME commercial push
Fortis has bolstered its commercial lines underwriting and business development teams with the recruitment of senior staff.
RBSI looks to rationalise structure ahead of sale
Royal Bank of Scotland is seeking a corporate adviser to help restructure its insurance business ahead of a sale or IPO.
Former RSA director joins NIG
RSA's former UK liability and motor portfolio director, Heather Heale, has joined NIG as commercial motor manager.
A kwik fix for Fortis?
Fortis’ onward march continued last week with the not-so-unexpected news that it had acquired the Kwik Fit insurance business.
NIG slips into the red as RBSI brands all suffer
Royal Bank of Scotland Insurance subsidiary NIG was the only one of its major four brands to record a loss in 2009, Post has discovered.
NIG launches property product
NIG will launch its premier property owners product to a broker panel on the 6 July.
NIG mapping tool
NIG has rolled out a new geospatial mapping tool covering the whole of the UK including Northern Ireland.