Hastings Group
Berenberg retains its 'sell' recommendation on Esure following results
Berenberg analysts have retained their “sell” recommendation on Esure following the insurer’s H1 results.
Brexit will not affect UK Gibraltar business relationship, says Hastings
In light of Hasting’s strong financial results today, chief financial officer Richard Hoskins has said that the group is not concerned about Brexit affecting its growth.
Hastings Group remains focused on competitive pricing as GWP grows 28%
Hastings Group's half year results, released today, revealed gowth in profit, gross written premiums and policies.
Hastings makes two non-executive director appointments
Hastings Group has appointed Dr Teresa Robson-Capps and Alison Burns as non-executive directors.
Top 50 UK Brokers Listing 2016 - one to 10
Post details the top 10 firms' headquarters, staff and major acquisitions
Markerstudy meets Gibraltar regulator over Brexit concerns
Markerstudy has met with the Gibraltar Financial Services Commission to discuss the implications of a Brexit.
UK motor prices to remain flat in 2016, as insurers drive competition
Increasing competition from insurers will cause prices for UK motor insurance to stay flat throughout 2016, according to a Macquarie report.
Hastings attributes growth to ‘agility’ on price comparison sites
A growth of 29% in gross written premiums by Hastings in the first quarter was due to the company’s “elastic” pricing structure via comparison sites, the company’s chief financial officer said.
Admiral boss Engelhardt and ex-Saga De Haan brothers top rich list for insurers
The Sunday Times' Rich List has placed departing Admiral CEO Henry Engelhardt at 164 in its annual rankings, equal to BGL founder Douw Steyn but behind the De Haan brothers, Sir Roger and Peter.
Hastings’ ex-chairman Neil Utley transfers 3.6m shares to charitable trust
Neil Utley has transferred just over 3.6 million shares of his sizeable holding in Hastings Insurance Group to his family's charitable trust, according to a note issued to the London Stock Exchange today.
IPT rise would not have ‘significant impact’ on Hastings
A speculated insurance premium tax hike in the 16 March Budget would not disadvantage Hastings Insurance Group due to the company’s high market share from comparison websites, according to its chief financial officer, but customers would be worse off.
Hastings sees GWP rise 27% as it announces first dividend
Hastings has reported a 27% increase in gross written premiums to £614.9m (2014: £483.4m) for the 12 months ended 31 December 2015 and expects to pay shareholders a maiden dividend of 2.2p per share.
The Post Power List 2016
In a year where regulation, natural disasters, consolidation and cyber/digital again look set to make waves, and when the country could learn if it’s in or out of the European Union, Post had a mind mapping session – with a bottle of wine – to see who…
Rank: 46 - Gary Hoffman, CEO, Hastings
After seeing gross written premium up 24% in the first half of the year, Hoffman, CEO, took Hastings to a £180m initial public offering, while ruling out international forays.
Director of Content’s Comment: Is the timing for listing right?
The news that BGL is looking at a prospective initial public offering has raised a number of questions.
Blog: Five things that could determine whether BGL goes IPO or stays indie
The news that BGL Group is looking at the possibility of an IPO should not come as a surprise.
Blog: What will Maurice Tulloch's legacy as Aviva UK GI CEO be?
The news that Maurice Tulloch is to step down from his post as CEO of Aviva’s UK general insurance business should not have come as much surprise.
Interview: Richard Hoskins: Coming home to Hastings
From the East Coast of America to East Sussex, Richard Hoskins explains what brought him back to his old stomping ground in Bexhill and why he has high hopes for the recently floated Hastings Group Holdings.
Hastings redeems £310m secured notes
Hastings Insurance Group has paid back £310m of fixed and floating rate senior secured notes, according to a London Stock Exchange notice.
Profit up 19% at Hastings in opening nine months
Operating profit for Hastings Group continues to track upwards, with a 19% increase to £93.8m for the nine months to 30 September (9M 2014: £79m).
Conditional dealings commence as Hastings IPO is priced at 170p per share
Hastings has confirmed the pricing of its initial public offering of 123,529,412 shares at 170 pence per share at a market capitalisation of £1.12bn.
Hastings to float with negative tangible equity, research house claims
Research firm Macquarie has predicted that the upcoming Hastings initial public offering will raise £180m for the company, but it will begin its life on the stock market with negative tangible equity.
Goldman Sachs could pocket 400% return on Hastings investment
Goldman Sachs could bank a return of 400% on its stake in Hastings following the UK motor player’s stock market floatation next month, if investors respond as expected, according to reports.
Hastings IPO tipped to benefit from recent M&A activity
The timing of Hastings Insurance Group’s initial public offering could attract investors with surplus cash following the recent spate of insurance mergers and acquisitions, according to industry analysts.