Who bought Hastings Direct?

Asked by: Jewell Streich DDS  |  Last update: September 7, 2022
Score: 4.4/5 (21 votes)

HELSINKI, Dec 8 (Reuters) - Finnish insurance group Sampo (SAMPO. HE) has bought a 30% stake in British property and casualty insurance company Hastings from South Africa's Rand Merchant Investment (RMI), Sampo said on Wednesday.

Who are Hastings Direct part of?

Hastings Direct is a trading name of Hastings Insurance Services Limited, and is part of the Hastings Group.

Who is Hastings Direct underwritten by?

Around 90% of policies are directly underwritten by the Group's Gibraltar based insurer, Advantage Insurance Company Limited.

Who acquired Hastings Direct in 2020?

In August 2020 it was announced that the company would be acquired by a consortium of the South African business, Rand Merchant International, and the Finnish insurer, Sampo Group, for £1.7 billion. The transaction was completed on 16 November 2020.

Are people's choice and Hastings Direct the same company?

Hastings Direct, a sister company of People's Choice, offers SmartMiles cover, telematics-based policy that monitors driving through a mobile app or online dashboard.

31 related questions found

Is Hastings Direct AXA?

Insurance broker Hastings Direct has launched a new household policy that will be underwritten by AXA, Towergate and Sterling Insurance. The policy will offer cover for contents only, buildings only and combined home insurance with a new common word policy document, irrespective of the underwriter.

Where is Hastings Direct moving to?

Developer Paramount Land and Development has made an application to Rother District Council to convert Hastings Direct offices at Conquest House in Collington Avenue, Bexhill, into 86 apartments.

Who are Sheilas Wheels owned by?

The owner of this site is esure Services Limited.

Does Direct Line Own Churchill?

Since February 2012, Churchill is part of the Direct Line Group; policies are underwritten by the parent United Kingdom Insurance Limited.

What companies do Aviva own?

Principal subsidiaries
  • United Kingdom. Aviva Life – Pensions, investments, life insurance and long term savings (formerly Norwich Union) Aviva Insurance – General Insurance (including the Quotemehappy brand) ...
  • Canada – Aviva Canada.
  • China – Aviva-Cofco.
  • India – Aviva India.
  • Ireland. Aviva Direct. Aviva Health.
  • Singapore.

Does RBS own direct line?

The business was purchased by RBS Group in 2003, bringing it into RBS' insurance division, which is today known as Direct Line Group.

Who owns Churchill insurance?

We are a UK-based company and sell insurance policies by phone and on the internet. In 2003, Churchill was acquired by the Royal Bank of Scotland Group, making the bank's insurance arm the second largest general insurer in the UK.

Who is the underwriter for Admiral?

Policy underwriters

EUI Limited arranges the sale of motor and home insurance policies on behalf of other insurers.

What is the difference between Hastings Direct and Hastings Premier home insurance?

Hastings Premier specifically offers more comprehensive insurance policies, rather than the more basic ones offered by Hastings Direct. A Hastings Premier home insurance policy includes a number of extra features, as standard, that give the customers further protection if they need it.

Where is Hastings Direct call Centre based?

HGCL is the ultimate UK parent company of the Group, and via its wholly owned subsidiary, Hastings Group Holdings Limited, is responsible for oversight of the Group's operations; its head office is located in Bexhill-on-Sea, East Sussex.

How do I contact Hastings Direct?

Just call us on 0333 321 9790 and we'll be happy to help.

Who owns Hastings essential?

The parent company of Hastings Essential is the Hastings Insurance Group, which also operates Hastings Premier, Hastings Direct, Insure Pink and People's Choice.

Is Hastings Direct an intermediary?

Before you buy your insurance, we'll give you the information you need to make an informed decision about which policy to choose. We're an intermediary, acting on behalf of several insurers.

Is Advantage insurance part of Hastings?

Advantage insurance products are exclusively sold in the UK being distributed under the terms of a service agreement with Hastings Insurance Services Limited trading as HastingsDirect, a UK Financial Conduct Authority (FCA) regulated insurance intermediary.

Who is the best car insurance company in UK?

Top 10 car insurance companies in the UK
  • Direct Line. ...
  • Admiral. ...
  • Aviva. ...
  • John Lewis Finance. ...
  • Hastings. ...
  • Churchill. ...
  • CSIS. ...
  • Bell Insurance.

Is Aviva good car insurance?

Aviva won the top prize in the car insurance category in our 2020 customer satisfaction awards, with 5 out of 5 stars and 91% of customers saying they would recommend the service. But in 2021, this fell to 3.5 stars and 72% of customers recommending the brand.

How do I contact people's choice?

Contact People's Choice

You can also contact customer services by phone on 0333 321 9801. Lines are open: Monday-Friday 8am-9pm. Saturday 9am-5.30pm.