Hastings ‘very pleased’ with share capital offer from investors

By Insurance Times 2020-08-05T15:39:00

The deal recognises the ‘inherent value in the company’ adds Hastings’s group chief financial officer

Motor insurer Hastings today confirmed a cash offer from existing investor Rand Merchant Investment Holdings Limited (RMI) and financial firm Sampo Oyl to buy Hastings’s issued and to be issued share capital that is not already controlled by these parties – the insurer’s group chief financial officer John Worth believes this is a great indication of the appetite for overseas companies to invest in the UK insurance market.

If you are already registered, please sign in here

Register now for unlimited access

For continued access to free content on the website please take a few moments to register, or sign in if you have already registered.

Keep up to date with the latest industry news
Sign up to enewsletters
Create a profile and post comments on stories