CFO Richard Hoskins hails "solid results" despite competitive market and says broker will continue to invest in data and digital engagement.
Richard Hoskins retiring from the business.
CFO Richard Hoskins says focus is on "disciplined growth" and investing in digital initiatives.
CFO Richard Hoskins says firm is focused on organic growth and digitalising the business.
Firm posts rising GWP and profits as Toby van der Meer takes over as CEO.
Current chairman Mike Fairey to retire.
Insurance education shortfall revealed by FCA creates opportunity for brokers
Hastings was in talks this summer about buying AA’s insurance business, or in their words forming a “partnership”. The talks have since stopped and the deal hasn’t happened.
However, Hastings statement reveals talks between the two motor insurance firms have ceased.
The CFO hails topline growth and “continued momentum” following the half year figures.
The firm posted GWP growth of 28% and noted that the Ogden rate change had generated more activity for the business on aggregators.
Company allows £20m impact of discount rate change.
Investment group to purchase up to 29.9% of shares.
GWP and live customer policies are also up at the broker.
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Group CFO Richard Hoskins says company profits from using price comparison website distribution model.
Profits, GWP, and in force policies all grow for Hastings Group.
CFO Hoskins says Brexit and possible IPT hike would not impact the firm.
GWP also increases following IPO float last year.
CFO Richard Hoskins says broker will optimise its business through price comparison websites.
First set of results since London Stock Exchange listing sees revenue increase to £350.2m.
Moody’s increases Hastings rating by two notches with a stable outlook.
Conditional arrangement puts market capitalisation of the broker at £1.2bn.
Motor book and home insurance will continue to be key according to Richard Hoskins.