Group reports profits of €39 million for first half of 2023, up from €2.9 million last year
FBD
Iseq index recovers 0.6% after Wednesday’s 1.3% decline
CEO defends his company’s profits in a time of soaring costs, and outlines his aim to boost its share of the farm insurance market
Paper losses pushed the sector into a loss at its so-called comprehensive level and reduced capital reserves levels across most top insurers
Business Today: the best news, analysis and comment from The Irish Times business desk
Insurer says capital levels have grown and it remains ‘engaged with stakeholders on the return of excess capital’
Proposed orders deal in detail with various factors affecting the level of losses sustained
Solvency reserves fall as insurers taking a hit on large bond holdings though that will likely reverse as they are held to maturity
FBD may receive ruling that could impact outstanding claims this month
Reforms are in the works, but there are still a number of challenges facing insurers trying to price risk responsibly
Insurer expects to pay outstanding Covid-19 pub business interruption claims this year following High Court ruling on outstanding issues
Banking stocks rise as full-year results come into focus
Insurer said 2022 performance benefited from low claims frequency, benign weather, and positive prior year reserves
YOU MAY ALSO LIKE...
Rugby World Cup: match analysis, interviews, fixtures and results
Inquests into the nightclub fire that led to the deaths of 48 people
Weddings, Births, Deaths and other family notices