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Hastings to keep focus on motor and telematics

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CFO Hoskins says Brexit and possible IPT hike would not impact the firm.

Richard Hoskins, group chief financial officer at Hastings Insurance Group, said the company was "excited about the results" following the increases in profit and gross written premium (GWP) reported for 2015.

He told Insurance Age: "We're a very agile, digital business and that enables us to be very flexible and use that agility in our pricing.

"We have a retail business that is very sophisticated in building life-time customer value models which enable us to attract the right business at the

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Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover.

PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024.

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