Fairfax’s loan will help ensure FBD exceeds new standards from the EU designed to ensure insurance companies have enough capital to meet claims

Shareholders at FBD have voted in favour of a €70 million loan that will help the troubled insurer meet tough new solvency standards that the European(...)

Mr Garvey is understood to have told the company his decision in recent days

Troubled insurer FBD’s director of sales, Michael Garvey, is leaving the company, it has emerged. Mr Garvey is understood to have told the company his(...)

The Central Bank has concerns about the level of awards made to claimants Photograph: Matt Kavanagh / The Irish Times

Insurers will have to set aside significantly more reserves to cover car-crash, workplace injuries and other claims as compensation payouts surge, acc(...)

A €70 million loan from Prem Watsa’s Fairfax will help troubled insurer FBD meet tough new solvency standards that the EU intends to impose on underw(...)

Michael Hasenstab, the Franklin Templeton bond manager who wagered billions of dollars on Irish sovereign debt in 2011, is selling most of his investment in the nation’s bonds, which have returned 142 per cent from their lowest point.

The world’s biggest investors came hunting for bargains in Ireland after its economy collapsed. With fortunes made, some are cashing in their chips. (...)

Fairfax would have paid €93.5 million for the Bank of Ireland shares when it bought into it in 2011

Billionaire Prem Watsa’s Fairfax Financial stands to make up to €255 million from the sale of shares in Bank of Ireland. Fairfax said yesterday it wa(...)

Fairfax Financial plans to sell almost 3 per cent of Bank of Ireland.

Fairfax Financial plans to sell almost 3 per cent of Bank of Ireland according to reports late on Monday.The investment group, founded by billionaire (...)

Fairfax Financial Holdings Ltd, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit Plc for about(...)

Greek newly appointed finance minister Yanis Varoufakis  during a press conference after a meeting at the French Ministry of Economy and Finance of Becy in Paris, France on Sunday. Ahead of Monday’s announcement, there had  been speculation that the new government would bring in new management at some of the banks. (Photograph: ETIENNE LAURENT/EPA)

Greece’s new left-wing government will not take any actions that would hurt the share values of the country’s banks and does not plan to appoint party(...)

New York based investor Wilbur Ross secured a price of 26.5 cent for his remaining 5.5 per cent stake, yielding him €477 million. Photograph: Simon Dawson/Bloomberg

Bank of Ireland’s shares closed down 3.2 per cent at 27.5 cent in Dublin yesterday after US billionaire Wilbur Ross sold his remaining 1.8 billion (...)