FBD | Business Post

FBD chief ‘has not been approached’ for BoI job

Speculation is rife that FBD boss Tomás Ó Midheach may succeed Francesca McDonagh at the helm of the bank, but he insists he’s happy to stay where he is

FBD’s post-pandemic agm tackles some thorny issues

Executives announced a dividend payout on the back of a €110 million profit, but were challenged on issues such as fallout from the business interruption claim controversy

Insurers pay businesses €170m for claims related to Covid-19

Almost 5,500 policyholders have now been compensated, according to junior finance minister, but several cases remain before the courts

FBD pays out €2.5m in share awards and share options to top executives

The insurance firm has been embroiled in controversy over the past two years regarding its handling of Covid-19 business interruption claims

State could have to take part in further hearings between FBD and publicans

Two sides in landmark business interruption case have been unable to reach agreement on a number of issues

FBD defends share dividend as policyholder claims still unpaid

The company, which has been dogged by controversy over its handling of business interruption claims from businesses affected by the pandemic, said it expected the saga to cost it €44 million net of reinsurance after discussions with its reinsurers

FBD braced for further costs after legal verdict on pub cases

The insurer faces having to pay compensation for losses incurred by publicans who mounted a test case after their hostelries were shuttered by the pandemic

FBD has paid out €28m in Covid business interruption claims

Insurer has estimated total cost of business interruption claims could come to €183m

FBD told to pay pubs thousands in compensation over claims delay

Ombudsman said the insurer’s failure to recognise business interruption claims due to Covid-19 lockdown was ‘unreasonable and unjust’

Editorial: Toothless regulators see insurance industry walk away unscathed again

Nothing will change if repeat offenders continue to be allowed walk away with barely a slap on the wrist

Analysis: FBD must weather increase in cost exposure to Commercial Court ruling

The insurer’s total bill from the business interruption debacle has rocketed from €54 million to €81 million in just four months

Company Watch: FBD posts robust half-year results, but Covid payouts remain an issue

The insurer has posted a pre-tax profit of €22 million for the first half of this year

FBD sets aside €80m to cover business interruption claims and FSPO fines

The Irish-owned insurer announced pre-tax profits of €22 million for the first half of the year as it set aside further provisions to cover the costs of business interruption claims related to the pandemic

Pandemic losses case: The pub, the patrons and the Premier League thriller

The Commercial Court, which is to decide on the amount of compensation that insurer FBD must pay to publicans, has heard that a picture of customers sitting at a bar during a Liverpool-Leeds match last September was posted on the Facebook page of a well-known Dublin sports bar

Slovenian insurer agrees to test case on Covid payouts

Move by Zavarovalnica Sava, a major player in the hospitality sector in Ireland, could provide clarity for up to 2,000 policyholders

Insurers set to oppose the return of state support cash to government

Zurich and FBD’s chief executives have said they will resist government attempts to recoup money deducted from insurance payouts to pandemic-struck businesses

Company Watch: FBD fights shy of making dividend payout promises

The insurer’s top executives made sure to tread carefully in fielding shareholder requests at its agm last week

Insurers put ‘on notice’ over state support deductions to payouts

Seán Fleming, the minister of state with responsibility for insurance at the Department of Finance, said he wanted insurers to know that the government was moving to address the issue

FBD has set aside €65 million for Covid-19 business interruption claims

The company put the money aside for claims made under its pub policies to cover its exposure, Tomás O'Midheach, the FBD chief executive, has said

Central Bank says it may look to extend pandemic insurance decisions to more businesses

The regulator will assess judgments on pandemic business interruption claims to see if they can be used to benefit customers more widely