UPDATE 1-Generali still studying RBS insurance arm-executive


(Adds hybrid car policy) MILAN, May 23 (Reuters) - Assicurazioni Generali is studying the insurance arm of Royal Bank of Scotland , which could be sold, an executive at Italy's biggest insurer said on Friday. Royal Bank of Scotland said last month it was considering the sale of all or part of RBS Insurance, Britain's second-largest general insurer. It includes brands Churchill, Direct Line and Privilege. "We continue to look at the documents," Generali Director General Raffaele Agrusti ...

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