Tuesday, November 15, 2005

Insurance Age - RBSI claims Direct Line/Churchill integration complete

Insurance Age - RBSI claims Direct Line/Churchill integration complete: "RBSI claims Direct Line/Churchill integration complete
Royal Bank of Scotland Insurance has announced the integration of the Direct Line and Churchill businesses has been successfully completed.
A company statement read: 'This is a tremendous achievement, representing the biggest and most successful insurance integration in the UK ever.
Integration has been delivered faster and with greater benefits than originally anticipated and this is due, in large part, to the hard work and overwhelming dedication of all our people over the past two years.
In recognition of this achievement, all eligible RBS Insurance employees will be paid a 5% integration bonus in October.
Commenting on the announcement, RBS Insurance chief executive, Annette Court said:
�This is an absolutely fantastic achievement of which we all can be justifiably proud. Not only have we achieved this significant milestone earlier than expected, over the past two years our business has continued to grow, we�ve maintained our position as the 2nd largest general insurer in the UK and we now have over 24 million policies across a wide range of products � a position upon which we fully intend to build in the future.� "