Company Watch FBD to return up to €100 million to shareholders The insurer has reported profit before tax of €74 million for 2022, which, while down from €110 the previous year, is well ahead of market expectations
Companies Insurer FBD reports profits of €74 million for 2022Gross written premium of €383 million was up 3.4 per cent
Companies Aviva’s Irish arm sees profits fall on back of rising claims after Covid-19 In Ireland, operating profit fell to €32 million in 2022, down from €43 million in 2021
Employment Gender pay gap of 12.6% at Irish firms – reportWidest gender pay gaps were found in the finance, banking, insurance, legal and construction sectors, according to a PwC analysis
Transport 1 out of every 12 vehicles on Irish roads is not insuredCampaigners said not enough is being done to discourage uninsured driving
Companies FBD Insurance forecasts higher than expected profit of at least €70m Figure is significantly ahead of market expectations, the firm said, however strong underwriting results have been partially offset by a negative return on investments
Health Comment: Time for finance firms to stop discrimination against cancer survivorsMark Lawler of Queens University Belfast and Averil Power of the Irish Cancer Society make the case for right to be forgotten laws
Politics How the Irish insurance industry is punishing cancer survivorsThe insurance industry is pushing back against proposed laws that would stop cancer survivors having to disclose their medical history for financial products
Insurance Move to delay law banning insurer penalties for cancer survivors ‘completely outrageous’Labour Party health spokesman says evidence is clear that cancer survivors are penalised when seeking insurance or loans
Insurance Cancer Society ‘astonished’ at move to delay law banning insurer penaltiesInsurance Ireland claims plans for mandatory action will undermine ‘fairness’ in the market, while the Department of Finance stalled the bill which would have stopped survivors being penalised
Companies Insurer led by Irish CEO completes €300m takeover dealArdonagh Group, which recently bought Ireland’s largest network of insurance brokers, has closed its acquisition of Envest
business Vhi to raise premiums by 4.8% amid inflation and rising demand for healthcareIncrease will add more than €180 to the annual cost of health insurance for some families
Companies Operating profit at Supermac’s jumped to €37.7 million in 2021Profit before taxation was €29.5 million for the year, up from €22.9 million in 2020
Business Supermac’s boss says insurance premiums have risen by 25 per cent despite reformsPat McDonagh, the fast food franchise owner and hotelier, has said that more competition is needed in the market to reduce the costs for struggling hospitality firms
Insurance Liberty considering selling its Irish insurance business as part of wider dealUS insurance giant Liberty Mutual is looking at offloading its entire European operations
Insurance Refund mechanisms to be built into new legislation to protect taxpayers’ money Insurers used taxpayers’ money to subsidise costs when paying out for pandemic losses by deducting value of state supports such as wage schemes from awards
Legal Nine out of ten planes in lawsuit re-registered in Russia, says AerCapLessor is suing its insurers over the loss of 116 planes and 23 spare aircraft engines
Insurance Hospitality businesses are struggling to access insurance cover, publican saysCiarán Hanley, a Galway publican, says cost of insurance policy has increased by 70 per cent and only one underwriter was willing to provide cover
Insurance Insurer forced to pay out after unproven claim medical treatment was 'experimental'The company had to meet the cost of the woman’s claim following a decision from the Financial Services Ombudsman
Legal Relief is ‘magic’ for publican who took FBD to High CourtNoel Anderson, the co-owner of Lemon & Duke was one of four pub groups whose landmark cases against the insurer were finally settled on the issue of claims last Friday
