Hastings Group
Hastings confident of continued growth following strong results
Hastings is confident it will reach three million customers during 2019 following strong 2017 results.
Interview: ABC Investors - Bunker, Cassidy, Castle, Horton and O’Roarke
With their restrictive covenants expiring at the end of 2017, the former LV general insurance management are now free to re-enter the market. Jonathan Swift speaks to the quintet about their new consortium ABC Investors, digital innovation and what it…
This week: Technology, treasury and trade credit
I'm not sure who was more excited about technology in our house this week, my son discovered that virtual pets in the form of Tamagotchi are making a comeback in the UK this year while I learnt a bar has opened where robots make you cocktails.
Hastings to use automated fraud detection service
Hastings Direct has selected BAE Systems’ Net Reveal solution in order to detect and investigate claims and policy fraud.
Gary Hoffman to take Hastings chairman role, van der Meer promoted to CEO
Mike Fairey is to retire as chairman of Hastings Group, with CEO Gary Hoffman set to take over the role.
Hastings Direct wins court battle against personal injury fraudster
Hastings Direct has won a court battle against a fraudster who was ordered to pay £5000 in costs and handed a 22-week prison custodial sentence by the Royal Courts of Justice.
Hastings sees GWP growth continue into Q3
Hastings has seen a 25% spike in gross written premiums over the course of the year, up to £714m from £572.8m for the same period in 2016.
AA holds talks over insurance business sale to Hastings
The AA and Hastings have held talks over a potential general insurance partnership.
Personal injury claimant jailed for fraudulent claim against Hastings Direct
A personal injury claimant has been jailed for making a false claim against Hastings Direct.
This week in Post: M&A, Ogden misery and the Mobot
With London hosting the World Championships there has been a sports buzz about the city this week.
Hastings vows further data investment as profit rises by 22.1%
Hastings has seen a 22.1% increase in H1 adjusted operating profit, as the company vowed to continue investment in its data-driven model.
Analysis: The truth behind the broken system of dual pricing
The industry has faced sustained attacks in recent months for its ‘shameful’ practice of raising rates for loyal customers, with one newspaper calling for the government to ‘punish the insurance pirates’.
Hastings sees new business influx following Ogden change
Customers buying car insurance through price comparison sites has led to an influx of new business for Hastings as motor premium rates continue to rise in light of the change to the discount rate.
March 2017 Post: Census and CII CEO
My one-year-old just started toddling. She was so proud after pushing her walker to the other side of the room that she applauded herself. As a result, she lost her balance and landed on her bum.
Discount rate cut could benefit Hastings, says CFO
The cut to the Ogden discount rate will benefit “agile players” who procure business predominantly through aggregators, Hastings' chief financial officer Richard Hoskins said.
Hastings posts profit and expansion plans despite £20m discount rate hit
Hastings has made a 5% growth in profit despite taking a £20m hit from changes to the Ogden discount rate.
Insurers' share prices tumble as profits hit by discount rate changes
More insurers have posted swingeing losses as a result of the discount rate cut.
Ranking the top 67 brokers in the history of the British Insurance Awards
When I sat down to compile the list of the most successful brokers in the history of the British Insurance Awards in 2014, space permitted that I could only number the top 10.
Post Power List 2017: Herman Bosman
CEO, Rand Merchant Investment
Walker replaces Lee as Hastings MD
Hastings has appointed David Walker as managing director for insurer service, following Michael Lee’s departure last month.
This week in Post: Unrated insurers and reasons to detox
The sallow, downbeat faces of my colleagues today can only mean one thing: it’s the morning after the staff Christmas party.
Hastings to be part acquired for up to £499.5m
Hastings could be part sold to a South African investment company for up to £499.5m.
Three ex-IFED detectives boost Hastings' Specialist Investigations Unit
Hastings Insurance has hired three former police detectives to expand its counter-fraud capabilities and further develop its Specialist Investigations Unit, a dedicated team focused on tackling instances of serious and organised fraud.
Hastings increases GWP to 26%
Hastings has seen gross written premiums up by 26% from the same period last year.