Advantage Insurance Company Limited -- Moody's: Hastings' sophisticated pricing tools and lean cost base drive continued profitably in the competitive UK motor insurance market

London, 05 November 2015 -- Moody's Investors Service expects Hastings Group to continue to grow profitability in the competitive UK private motor insurance market. The rating agency expects the company to maintain its better than industry average combined ratios whilst aggressively competing on price owing to its sophisticated pricing tools, the group's lean cost base and reinsurance arrangements. The group also benefits from the legal separation of the its two operating segments, which enables "Retail" to compete on price and to absorb any premium discounts thereby protecting the loss ratios reported by "Underwriting".

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