The former Brightside boss has joined Hastings as non-executive director following Peter Blanc's resignation prompted by the Aston Lark-Howden deal.
The £685m deal sees Sampo pay £1.85bn for 100% of the share capital.
Government outlines the next steps and details responses from industry stakeholders, including brokers, insurers and trade bodies.
The provider's profit before tax hit £103m, highlighting an increase in customer policies despite premium reductions across the sector.
Provider says it has seen premium reductions in motor due to Covid restrictions as GWP slips slightly to £481m.
Takeover, which valued the business at £1.66bn, sees Hastings delist from the London Stock Exchange.
Experts predict the regulator's proposals to ban dual pricing will have "unintended consequences" and lead to reduced competition for new business, but agree the measures are a positive outcome for consumers.
The deal values Hastings at around £1.66bn as the provider also publishes half year results.
Sampo Oyj has approached the business along with Rand Merchant Investment Holdings.
Personal lines broking group Complete Cover has bolstered its management team with a quartet new hires including former Markerstudy and Brightside boss Russell Bence.
Hoffman, currently non-executive chairman, was CEO of the business between 2012 and 2018 and led it through an IPO in 2015.
CFO John Worth said results were driven by elevated claims as the business reports rising GWP in every division except van.
Trading update reveals provider has restated its operating profit from £125m to £110m – a drop of 12%.
Firm said it would apply price increases to keep its full-year loss ratio within target.
Data from the Financial Conduct Authority highlighted the most complained about providers and brokers.
Insurers have revealed the impact from the change in the discount rate to -0.25%.
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Results for the first half of 2019 show decreased profit and an £8.4m Ogden hit as company reports growing GWP.
The “prolific” scammer was caught after Hastings identified a number of incepted policies in 2016.
The much-debated discount rate was reset at -0.25% this week, but how did we get to this point and what is the background to this highly explosive issue? Insurance Age outlines the key touchstones
Company says it had believed the rate would end up between 0 and 1%, as Biba states move to -0.25% is "nowhere near enough".
Hastings relationship key to the deal.
Consumer organisation asked car and home insurance customers to rate their claims experience, with The AA scoring lowest in the car sector and RSA being rated worst in home.
CFO Richard Hoskins hails "solid results" despite competitive market and says broker will continue to invest in data and digital engagement.