Hastings Group
Hastings share price dives after profit slashed to £38.2m following Ogden hit
Hastings share price fell over 8% within the first two hours of trading this morning after it reported a profit after tax of £38.2m (30 June 2018: £72.9m) for the first six months of 2019.
LV's Clare Lunn appointed to head industry's counter-fraud organisation
Exclusive: Clare Lunn, director of fraud at LV, has been selected as a chair of the the General Insurance Fraud Committee.
Hastings reveals Ogden rate hit
Hastings shares fell this morning after saying the Ogden rate change to minus 0.25% would result in a one-off £8.4m blow.
Three crash-for-cash fraudsters jailed following incident in Coventry
Three men have been jailed after an investigation led by the City of London Police Insurance Fraud Enforcement Department found they had carried out a ‘crash for cash’ plan on a motorway slip road in Coventry.
MS Amlin names replacement for CFO John Worth
MS Amlin has named former Old Mutual executive Iain Pearce as its chief financial officer.
Hastings sees bump in revenue despite loss ratio warning
Hastings has reported a 4% rise in gross written premiums for the first three months of 2019.
Blog: Aquiline's recommitment to ERS highlights turnaround success after dark days of IAG
Jonathan Swift reflects on the turnaround at ERS and why Aquiline might have decided to wait to sell the motor insuer
Analysis: How might a no-deal Brexit affect claims inflation?
With the outcome of Brexit still unclear and a possible European Union exit on 29 March looming, some insurer bosses have cautioned that we could see rising claims inflation this year.
Interview: Janet Connor, The AA
A lot has changed at the AA in the five years since Janet Connor, now director of insurance, joined the organisation. She explains to Jonathan Swift how an investment in data and technology – alongside the relaunch of its insurance company and board…
Hastings profit sees steady growth
Hastings saw profit after tax of £130.6m in 2018, an increase of 3% from £126.7m in 2017.
Hastings replaces CFO Hoskins with Amlin boss
Hastings has appointed former MS Amlin chief financial officer John Worth as its CFO, replacing Richard Hoskins.
Ciaran Astin to exit Hastings amid leadership restructure
Exclusive: Hastings Direct retail commercial director Ciaran Astin will be leaving the business, as it re-juggles its senior leadership team structure.
Telematics Watch: The state of play for 2019
Post has teamed up with telematics broking specialist Igo4 for a new quarterly series looking at the growth and trends in this the sector. To kick things off its CEO Matt Munro looks at who is buying these policies and where they live.
Four insurance businesses among latest Women in Finance Charter signatories
CNA Hardy, Hastings, LV and NFU are among the 33 latest firms that have signed up to the Women in Finance Charter.
Hastings issues warning over rising claims inflation
Hastings has seen shares fall as it warned of a “competitive” market with rising claims inflation.
Ardonagh linked with proposed Saga sale of Bennetts
Exclusive: Saga is looking to divest its interest in bike broker Bennetts, with Ardonagh touted as one of the potential suitors.
Hastings staff to get instant customer feedback
Hastings Direct is rolling out a customer sentiment platform that will give its staff real-time access to their own customer feedback.
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.