August 30, 2014 5:30 PM ET

Insurance

Company Overview of Hastings Insurance Services Limited

Company Overview

Hastings Insurance Services Limited, trading as Hastings Direct, provides insurance policies and related products online and by phone. The company offers car, van, motorbike, and home insurance products; and pet insurance products. It also provides motor breakdown and personal accident coverage services. The company was incorporated in 1995 and is based in Bexhill-on-Sea, United Kingdom. Hastings Insurance Services Limited is a former subsidiary of Insurance Australia Group Limited.

Conquest House

Collington Avenue

Bexhill-on-Sea,  TN39 3LW

United Kingdom

Founded in 1995

Phone:

44 8448 793 033

Fax:

44 14 2473 5702

Key Executives for Hastings Insurance Services Limited

Executive Chairman and Chief Executive
Age: 51
Chief Financial Officer
Age: 49
Chief Executive of Hastings Insurance Group
Age: 53
Managing Director of Insurer Services
IT Director
Compensation as of Fiscal Year 2014.

Hastings Insurance Services Limited Key Developments

Hastings Insurance Drops Plans For IPO

Hastings Insurance Services Limited has dropped plans for an IPO earlier this year, 2013.

Hastings Reportedly Plans IPO

Hastings Insurance Services Limited is rumored to be considering an initial public offer (IPO). Chief Executive of the company said: "My concentration is on growing the business, the owners of the business see great value in the continuing growth story and importantly we don't need to raise external funds in order to fund our growth because we're creating our own capital. That said, we won't close any avenues off and we will keep all our options open. There is nothing planned imminently there (in terms of an IPO), but I wouldn't want to take anything off the table. We've always said we will consider our options when market conditions are right, when we think we are ready, when we think our valuation is right we will consider an IPO, but we've got no plans at the moment."

Hastings Insurance Services Limited Announces Executives Changes

Hoffman, who joins Hastings Insurance Services Limited as CEO from NBNK, has held a number of senior positions in the UK financial services industry. Since 2010 Hoffman has been CEO of NBNK. Edward Fitzmaurice, who previously held Hoffman's role, has been appointed executive chairman of Hastings Insurance Services, the main UK trading entity within the group.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 8, 2013
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