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FBD profits fall almost 50% due to storm claims

Profits at FBD almost halved in the first half of the year when compared to the same period last year due to a rise in claims following Storm Éowyn.

Business • 08 Aug

Mr Bergin will take up the post next May, as Liam Herlihy retires after nine years on the board of directors.

FBD appoints former Tirlán CEO Jim Bergin as next Chair

FBD has appointed the former Tirlán CEO Jim Bergin as its next Chairman.

Business • 19 Nov 24

Minister for Agriculture Charlie McConalogue with Liam Herlihy, FBD Group Chair; Tomás Ó Midheach, FBD CEO; Professor Orla Feely, President of UCD and Michael Berkery, Chairman of FBD Trust CLG

FBD and UCD invest in new agricultural research centre

FBD and University College Dublin are to invest in new agricultural research and education facilities at UCD Lyons Farm.

Business • 15 Jul 24

FBD said today that while inflation continues to be experienced in property and motor damage claims, injury claims experience has been benign

FBD says confident on full year outcome

FBD Holdings said today that the underwriting performance of the business so far this year has been in line with expectations.

Business • 11 May 23

FBD forecasts significantly higher than expected profit

Insurer FBD said it expects to record a profit before tax of at least €70m when its results for last year are published in March, significantly ahead of market expectations.

Business • 14 Feb 23

Last year a judge disagreed with FBD's interpretation of its business disruption policy regarding Covid-19

FBD and pub owners "substantially settle" legal issues

Two pub owners that successfully challenged FBD's failure to pay out on business disruption claims caused by Covid-19 have "substantially settled" most of their outstanding legal issues against the insurer, the High Court has heard.

Business • 03 Nov 22

Most of the recipients first bought their shares back in the 1960s

Farmer Business Development shareholders to share €4.4m

490 farmers who are shareholders of Farmer Business Development plc, will tomorrow share a €4.4m pay out as a result of a voluntary share buy-back scheme

Business • 18 Aug 22

Sean's Bar in Athlone in one of the four pubs involved in the case against FBD

Court hears of little progress in FBD-pubs case

A High Court judge has said he is "desperately anxious" to see some progress made between publicans and insurer FBD over the amount of money to be paid to the publicans to compensate them for their losses during disruption caused by Covid 19.

Business • 15 Mar 22

The result includes a €13m provision for consequential payments

FBD: Cost of business interruption claims may hit €183m

FBD has increased its estimate for the cost of business interruption claims by €33m to €183m.

Business • 06 Aug 21

Four publicans won their action earlier this year over FBD's refusal to pay out under business interruption policies

Quantum hearing in FBD pubs case opens in High Court

The hearing to determine what level of losses that four publicans, who won test actions over FBD's failure to pay out on business disruption claims caused by Covid-19, are entitled to has opened before the High Court.

Business • 06 Jul 21

The stake is "not strategic" and the firm is not preparing to bid for FBD, a spokesman for the Scandinavian insurer told RTÉ News.

FBD shares jump as Norwegian insurer buys 6.3% stake

Shares in insurer FBD jumped by over 10% earlier today after it emerged that a Norwegian insurance group had bought a 6.3% stake in the business.

Business • 15 Apr 21

FBD had claimed the investigation by the Ombudsman should not proceed because the same issue was the subject of separate High Court proceedings

High Court strikes out FBD case against FSPO

The High Court has struck out legal proceedings by insurance firm FBD which had been aimed at stopping the Financial Services and Pensions Ombudsman from investigating a complaint over a refusal to pay out on a business interruption claim.

Business • 18 Feb 21

Derville Rowland, Director General of Financial Conduct with the Central Bank

Central Bank expects 'speedy' resolution of claims

The Central Bank has contacted a number of insurers on resolving relevant business interruption claims in a 'proactive and speedy' manner.

Business • 17 Feb 21

Four pubs are taking a case against FBD claiming their policies covered them for disruption caused by Covid-19

FBD exec tells court he made mistake on pub Covid cover

An executive with FBD insurance has told the High Court that he was in error when he told a publican that its business disruption policy for bars covered losses caused by the Covid19 outbreak.

Business • 14 Oct 20

The Loyola Group includes the Leopardstown Inn

FBD case - court hears of Covid impact on pub trade

A director of a group that owns several pubs has told the High Court that the situation in the industry has become far worse in recent weeks compared to March when its businesses had to close due to the Covid-19 pandemic.

Business • 09 Oct 20

Fiona Muldoon has been CEO of FBD since August 2015

Fiona Muldoon to step down as CEO of insurer FBD

Fiona Muldoon is to leave her position as Chief Executive of insurer FBD Holdings next year.

Business • 25 Oct 19

Fiona Muldoon, FBD Group Chief Executive, warned that litigation claims costs continue to rise

FBD Holdings doubles profits in first half of 2019

FBD Holdings recorded a pre-tax profit of €39m in the first six months of 2019, up from €18.4m in 2018, the group's half year results show.

Business • 01 Aug 19

Philip Bradley of AXA rejected suggestions of excessive profitability by insurance companies

Injury awards driving up insurance prices - insurers

Insurance premiums will fall if the cost of claims in Ireland falls, insurance companies have been telling the Oireachtas Finance committee.

Business • 04 Jul 19

The morning business news with Brian Finn

Ulster Bank sees 'modest' profit, FBD returns to profit

Ulster Bank has reported a modest improvement in operating profit, while FBD also reported profitable half-year results

Business • 04 Aug 17

FBD Group Chief Executive Fiona Muldoon said urgent reforms to tackle injury claims payouts are needed

FBD reports €11.9m pre-tax profit for H1

FBD said urgent action needs to be taken to address injury claims payouts as it reported pre-tax profit of €11.9m for the first six months of the year.

Business • 04 Aug 17

The morning business news with Adam Maguire

Morning business news 12 August

The head of one of Ireland's leading insurance companies has called for the Personal Injuries Board to be given statutory powers to address the issue of spiralling insurance claims.

Business • 12 Aug 16