Financial Times FT.com

Snowball eyeing RBS’s insurance business

By Andrea Felsted and Martin Arnold

Published: November 14 2008 23:28 | Last updated: November 14 2008 23:28

Patrick Snowball, former head of Aviva’s UK arm, is eyeing Direct Line amid continued doubts about Royal Bank of Scotland’s ability to offload its insurance businesses.

Mr Snowball has been talking to private equity groups, including BC Partners, which has a possible interest in Royal Bank of Scotland Insurance, which includes Direct Line and Churchill.

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