Fairfax

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FBD disclosed in February that it had reduced its negative-yielding deposits and cash holdings from €230 million  to €146 million in 2018

Insurer FBD’s decision last year to reduce cash holdings in its investment portfolio and increase riskier assets will boost profits but may limit the (...)

FBD group’s gross written insurance premiums dipped to €371.5 million last year from €372.4 million in 2017. Photograph: Nick Bradshaw

FBD Holdings said on Wednesday that it planned to more than double its dividend to 50 cent per share after Ireland’s only publicly-quoted indigenous g(...)

Seagram’s Edgar Bronfman jnr  (centre), with  Frank J Biondi   of Universal Studios and Cornelis Boonstra  of Royal Philips Electronics.  An erstwhile film producer and songwriter, Bronfman had a fateful preference for studios over distilleries. Photograph: Jon Levy/AFP/Getty Images

Open the filing cabinet marked “mergers and acquisitions”, go straight to the fat folder labelled “cautionary tales” and eventually you will reach the(...)

Farmer Business Developments plc, FBD’s founder and one of its biggest shareholders, confirmed that it subscribed for €20 million of the €50 million loan notes used in the insurer’s recent restructuring

Insurer FBD Holdings’ original backer subscribed for €20 million worth of loan notes used in clearing a €70 million debt to Canada’s Fairfax Financial(...)

Fiona Muldoon, CEO at FBD. Photograph: Alan Betson

FBD’s stock surged by 25 per cent in the past year, buoyed by better-than-expected profits and mounting speculation that the insurer could become a ta(...)

Ryanair’s shares plunged 12.5 per cent to €11.48. Photograph: Yves Herman/File Photo/Reuters

Ryanair’s profit warning sent aviation shares into a tailspin as European stocks rose generally on news of a US-Canada-Mexico trade pact. DUBLIN Rya(...)

Fairfax has exited its investment in Irish insurer FBD. Photograph: Nick Bradshaw for The Irish Times

FBD Insurance is to purchase and cancel notes worth €70 million held by Canadian financial holding group Fairfax. If exercised, the notes would have g(...)

FBD chief executive Fiona Muldoon. Photograph: Nick Bradshaw

On Monday, FBD chairman Liam Herlihy and the listed company’s board said an independent investigation by law firm William Fry into internal allegation(...)

Fairfax has the right to convert its  bond into ordinary shares from September 23rd at an exercise price of €8.50. FBD’s share price was trading at €10.40 in Dublin on Thursday, which puts Fairfax in line for a €15.6 million profit.

There is a raft of breaking news so far today. Firstly, profits at Ulster Bank jumped to €100 million during the first half of 2018, compared with jus(...)

FBD Holdings chief executive Fiona Muldoon faces an investigation  being carried out on foot of a recent complaint by the company’s human resources director. Photograph: Eric Luke

FBD Holdings has commissioned law firm William Fry the carry out an investigate into internal allegations made against chief executive Fiona Muldoon, (...)

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