Insurer FBD warns that prices will go on rising

Insurer FBD warns that prices will go on rising
FBD hopes to return to profit in 2017

Chief executive calls for reforms to tackle claims costs

Insurance group FBD Holdings has said it is on track to return to profit in 2017 after reporting a big reduction in losses for the first half of this year.

Pre-tax losses for the period were €3.65m, compared with losses of €96.4m in the same period last year.

Gross written premium – the total amount of insurance – fell 2 per cent to €181m, mainly due to a reduction in broker business. The underwriting loss narrowed...

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