Hastings' GWP leaps 52%
Hastings has announced its EBITDA rose to £27m in its full year figures to the end of June, more than double 2010’s total of £11m.
Gross written premiums for the year increased by 52% from £204m to £310m, and the group's combined operating ratio also improved to 95% from 99%.
Speaking at the annual results conference, Edward Fitzmaurice, chief executive at Hastings, said recent appointments to the management team had contributed to a successful year.
The appointments have included Toby van der Meer as managing director of retail, Michael Lee as managing director of insurer services and Mark Adams as chief financial officer
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