Tag Archives: Hastings

Hastings to list on the stock market

Motor insurance provider Hastings is to float on the stock market as it expands the business in a bid to attract more than 2.5 million customers by the end of 2017. The company hopes to raise £180m by issuing new shares, while some of its existing shareholders, including the group’s founders, will also sell off a portion of their stake […]

Hastings post half year results

Hastings has posted an increase in GWP which hit £282.7m for the first half of 2015 (H1 2014: £227.2m). COR for the business also marginally improved moving from 90.4% to 90% while customer numbers increased 17% to 1.9m (H1 2014: 1.6m). Gary Hoffman, chief executive, commented, ‘These results are further proof of the strong momentum generated by the business’ straightforward […]

Concern over rise in uninsured drivers

Insurers have conceded they are largely powerless to prevent an uptick in uninsured drivers after the Motor Insurers’ Bureau reported the number of motorists without insurance had ‘plateaued out’ after a decade of steep decline, Post Online has reported. MIB CEO Ashton West told Post that from the beginning of the fourth quarter of 2014 there has been an increase […]

Hastings sees strong growth

Hastings Insurance Group has today released its full 2014 results, with the company witnessing strong growth in customer numbers and gross written premiums. Gross written premiums increased by 19% to £496.2m (2013: £415.7m), largely driven by higher sales volumes to both new and existing customers. Customer numbers as at 31 December 2014 were up 20% to 1.71m (2013: 1.42m). Group […]