Hastings eyes Aviva and Allianz in 2012 IPO push - Insurance News Now - 23 June 2011
Post senior reporter Amy Ellis outlines this week's major general insurance stories including the news that the panel of insurers at Hastings Direct has more than doubled in size since an MBO 18 months ago. The firm is due to sign another five companies in 2011, and is aiming to write one million policies.
In other news, Jason Smart, the boss of legal expenses provider Elite Insurance, has told Post that the firm is to quit the Association of British Insurers; Aon's UK CEO Rob Brown has claimed the broker is well-positioned to make further acquisitions in the UK market; the European Commission's Chantal Hughes has denied that implementation of the Solvency II directive could be delayed by a year until 2014, despite admitting a "short transitional period" is likely to be introduced; and broker JLT is set to launch a product suite aimed at companies that want to expand into economies emerging from periods of military conflict.
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