Sampo to acquire the remaining 30% stake in Hastings from Rand Merchant Investment for $908m.

Sampo, a Finnish financial company, agreed to acquire the remaining 30% stake in Hastings, a provider of insurance services, from Rand Merchant Investment, a listed financial services investment company, for $908m. "As the sole owner of Hastings, Sampo will gain full control of strategy, governance and capital management, enabling more agile decision making and frictionless knowledge sharing with If P&C. I look forward to working even closer with Hastings to execute on its strategic initiatives and capitalising on its strong position in the digital UK P&C insurance market," Torbjörn Magnusson, Sampo CEO and President.