It was reported in the Mail on Sunday yesterday that the RBS insurance arm is being offerd for sale for around £8bn. The RBS or Royal Bank Of Scotland owns Direct Line insurance, Privilege, NIG and Green Flag Breakdown Cover.

It was reported that some suggest that RBS needs £7bn in the bank in reserves to meet solvency requirements. It was also quoted tha Direct line is not for sale, which would also suggest that Green Flag breakdown is also staying put.

RBS insurance is the second largest general insurer in the UK and the largest motor insurer and has other operations around Europe with an income of £5.7bn last year.

Amost on a weekly basis there seems to be insurance organisations changing hands as if to stay ahead of the rest.

To you and me it will mean no change and “Who cares?” , but clearly someone is making money out of these changes otherwise why bother. As long as the cars keep getting fixed by the roadside and the waiting times drop, that is all that matters to you and me.