Why FBD careered off the road

The beleaguered insurer was renowned for its steady conservatism, making its current troubles all the more difficult to fathom

FBD’s head office on the Naas Road in Dublin Picture: Maura Hickey
Fiona Muldoon, formerly of the Central Bank and now chief financial officer for FBD

For the beleaguered investors in FBD, it’s hard to believe now that just over a decade ago, motor insurance prices were so high that several major insurers were generating profit margins which were a multiple of those being made by their British counterparts.