Hastings Group
Hastings sees 90% increase in Q2 pre-tax profit
UK motor specialist Hastings posted profit before tax of £17.1m for the second quarter of 2014, a 90% increase on the same period in 2013.
Post Intelligence Docu-Video: How can the industry tackle application fraud?
While claims fraud continues to grab the most headlines, insurers and brokers are now focusing as much attention on fraud at the point of quote.
BIA 2014 - Personal Lines Broker of the Year: Hastings Direct
Finalists: Caravan Guard; Halo Insurance Services; TempCover
Ageas's Barry Smith wins BIA achievement award as 20th anniversary winners revealed
Post Magazine celebrated the 20th anniversary of the British Insurance Awards last night in a ceremony at the Royal Albert Hall, attended by 2000 members of the insurance industry.
Hastings Direct launches household cover
Hastings Direct has created a new household insurance product in collaboration with Axa, Sterling and Towergate Underwriting.
Hoffman expecting 'strong price competition' as Hastings' Q1 profits slip
Hastings has attributed increased interest expense emanating from debt issued last year for a slide in profit before tax in the first quarter to £14m (Q1 2013: £17m).
Hastings boss positive on motor market after increasing rates
Hastings chief executive Gary Hoffman believes 2014 could be the year the motor market finally turns, after revealing that his firm has begun increasing motor rates.
Hastings posts reduced profits but continues GWP growth
Hastings reported a £10.8m drop in profit before tax for the 2013 financial year to £49.6m (2012: £60.4m)
Utley buys ‘Beckingham Palace’ for £11.5m
Hastings Direct chairman Neil Utley has bought the Hertfordshire home of David and Victoria Beckham for £11.5m.
Hastings staff to pocket windfall as Goldman Sachs deal is completed
Goldman Sachs Merchant Banking Division has signed off on a deal to acquire 50% of the voting share capital in Hastings Insurance Group.
Hastings raises £416.5m of new debt financing
Hastings Insurance Group has placed £416.5m senior secured bonds on the Irish stock exchange.
Expert Analysis: Autumn watch
IGO4’s aggregator analysis reveals that while demand for motor quotes remains high, home insurance has stalled at a disappointing level.
Swinton urges closer broker ties with IFB after Gumtree success
Social networking sites and eBay still targeted by ghost brokers
Hastings receives Goldman Sachs investment
Goldman Sachs Merchant Banking Division will acquire 50% of the voting share in Hastings, in a move that implies a net enterprise value of approximately £700m.
Roundtable: Fraud: Seeking a knockout blow
How are recent changes to the legal landscape and calls for a more collaborative approach impacting the insurance industry’s fight against fraud?
Interview: Ben Fletcher: Taking the fight to fraudsters
Not satisfied with solely battling organised motor fraud, Insurance Fraud Bureau director Ben Fletcher tells Post how, through better industry collaboration, the IFB could extend its remit to other areas.
Hastings and Co-op plan for future as major investment deals mooted
Hastings’ sale of a stake in the business to Goldman Sachs may herald an era of more aggressive management, according to analysts.
Goldman Sachs in Hastings stake talks
A Goldman Sachs-owned private equity fund is in exclusive talks over a minority shareholding in Hastings, according to reports.
Major insurers to contribute to No Claims Discount database
Lexis Nexis Risk Solution has secured contribution commitments with major brokers and insurers that account for approximately 45% of the motor insurance market.
The Insurance Fraud Awards shortlist 2013
Growing once again in popularity, the fifth annual Insurance Fraud Awards received a record number of entries and we are delighted to announce the shortlist.
Exploiting referral fee ban loophole ‘against spirit of the law’, say insurers
Epoq among firms criticised for finding a way around Laspo-enforced ban.
IFB working on new model to attract brokers put off by membership cost
Move coincides with demand for greater broker representation on fraud register
Tim Ablett – An obituary
It is often said the insurance industry lacks the characters it once had.Thus it was with great sadness the sector mourned the passing of Tim Ablett last month, someone who had made a significant contribution to the sector through both his business…
Tim Ablett passes away
The much respected insurance veteran Tim Ablett passed away at the weekend.