FBD says that profitability in the Irish insurance market will be challenging into 2016 as the market has not increased rates sufficiently to compensate for the significant deterioration in the claims environment”.

The Irish insurance market will continue to be loss making in 2015 and 2016, insurance group FBD said on Monday, noting that rates haven’t risen enou(...)

 Ryanair chief executive  Michael O’Leary: airline’s  shares tumbled more than 5 per cent, closing at €12.59. Photograph: Nick Bradshaw

Early morning losses on Wall Street yesterday weighed on European shares in the afternoon, souring sentiment that had been positive. Data showing an(...)

Andrew Langford FBD group chief executive, who unexpectedly quit last month. (Photograph: Eric Luke / THE IRISH TIMES)

Usually, economic recovery helps companies. Not so FBD Holdings. FBD will publish first-half earnings in Dublin on August 24th, with analysts waitin(...)

Traders are pictured at their desks in front of the DAX board at the stock exchange in Frankfurt, Germany, yesterday. Photograph: Reuters

The Iseq slumped by 1.2 per cent as a worsening rout in emerging markets and a plunge in oil sparked a broad selloff in US and European stocks. Conce(...)

FBD will pay up to more than double the value of the pension pots of many of its employees when they transfer over to a new defined contribution scheme

Listed insurance group FBD has struck a deal with its staff to close off its defined benefit pension scheme, which has a deficit of about €54 million.(...)

Andrew Langford: told staff he would be exploring “new challenges and opportunities”. Photograph: Eric Luke

For all of the financial benefits and public glory, life at the top of the corporate world can occasionally be as punishing as it is rewarding. Friday(...)

Cyril Roux, deputy governor of the Central Bank: said the “disjointed” nature of the regulator’s enforcement powers over non-life companies was an “impediment to their effectiveness” and needed consolidation. Photograph: Eric Luke

Central Bank deputy governor Cyril Roux told the Department of Finance in March it did not have sufficient powers or staff to effectively regulate t(...)

EU Commissioner Carlos Moedas speaking at the official opening of the Paddy O’Keeffe innovation centre at Teagasc Moorepark in Fermoy: the centre is now home to some 200 people who are working in animal and grassland research

Even after his death, Paddy O’Keeffe was promoting research. The former Farmers Journal editor, who was passionate about learning, donated his body to(...)

FBD group chief executive Andrew Langford  and chairman Michael Berkery. FBD has said trading conditions in the Irish insurance market “remain challenging”. Photo: Eric Luke/The Irish Times

Insurer FBD has said trading conditions in the Irish insurance market “remain challenging”.In an interim management statement issued ahead of its AGM (...)

Carlos Moedas, European commissioner for research, science and innovation , addresses delegates at the  opening of the Paddy O’Keeffe Innovation Centre at Teagasc Moorepark, Fermoy, Co Cork

Ireland should be the torchbearer for finding innovative ways to feed the world in a sustainable way, EU commissioner for research, science and inno(...)