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.
The move, which would impact 280 staff, comes weeks after Post revealed NIG was the only one of RBSI's four major brands to record a pre-tax loss in 2009 — of £87.7m (2008: £52m profit) on gross
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