Post Blog: Brit and Windsor join RBSI in PE rumour mill
Private equity interest in the UK insurance sector has prompted a week of wild speculation, including an alleged £4bn bid for the insurance operation of part-nationalised bank RBS from PE house CVC.
Neither party would comment on the speculation but RBS said it had previously stated it preferred to dispose of RBSI - owner of Direct Line, NIG and Churchill - though an IPO in the second half of next year.
Elsewhere, Lloyd's broker Windsor was said to be seeking a new private equity backer to replace management buyout funding partner Hutton Collins, which is understood to want to sell its 22% stake.
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