Sampo, a Finnish financial company, and Rand Merchant Investment Holdings, a listed financial services investment holding company, completed the acquisition of Hastings Group, a general insurance provider, for $1.5bn. "Having been the largest shareholder in Hastings since 2017, we remain excited about the prospects of the business and believe the company will thrive in a private environment. We are delighted to partner with Sampo, who we consider one of the most successful owners of P&C insurance businesses in Europe, in developing Hastings over the long-term. We strongly believe this transaction is in the best interest of all Hastings stakeholders including its customers and many talented employees," Herman Bosman, RMI CEO. On October 27, 2020, Sampo Group has received all regulatory approvals for its Hastings deal.