Hastings expects reduced FY 2019 dividend after Q4 claims bite
In an unscheduled trading update this morning, UK general insurance provider Hastings has reported elevated claims costs in the fourth quarter of 2019, which are expected to result in a reduced full year dividend and a calendar year loss ratio, before the impact of July’s Ogden rate changes, in the range of 81-82 percent.
Fri 17 Jan 2020