Insurer Hastings gets PR support from Instinctif for stock market flotation

Instinctif has been handling financial PR for UK motor and home insurance provider Hastings Group during the period of its £1.12bn flotation on the London Stock Exchange.

Hastings: The motor insurer aims to raise £180m through its IPO
Hastings: The motor insurer aims to raise £180m through its IPO

Full trading on the stock market began on 15 October, and Instinctif is continuing to provide PR support on an ongoing basis.

The agency was appointed to the brief following a competitive pitch, although Instinctif had already worked with the company for several years helping with its quarterly bond reporting.

Hastings is aiming to raise £180m through the IPO to pay off some outstanding debts.

In a statement announcing plans for the flotation, Hastings said it had a 5.5 per cent share of the UK private car insurance market, looking after 1.88 million customer polices.

Hastings Group CEO Gary Hoffman said: "We are delighted to have Instinctif as part of our core advisory team. It provided straightforward advice to our colleagues across the business and helped us navigate volatile markets in achieving a successful IPO."

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