Former RBSI head close to raising finance for new insurer
John O'Roarke, former chief operating officer of Royal Bank of Scotland Insurance is close to sealing a finance deal worth £84m to launch a new multi-channel insurer, and has entered final talks with “less than five” backers, writes Anthony Gould. A deal is expected to be finalised by the end of June.
Speaking to Post Magazine this week he said it had been overwhelmed by interest in the venture and had had talks with 15 private equity firms and six financial institutions including banks and
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