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Insurance

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
  • Ellie Donnelly
  • March 11, 2023
Companies

Insurer FBD reports profits of €74 million for 2022

Gross written premium of €383 million was up 3.4 per cent
  • Ellie Donnelly
  • March 10, 2023
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
  • Ellie Donnelly
  • March 9, 2023
Employment

Gender pay gap of 12.6% at Irish firms – report

Widest gender pay gaps were found in the finance, banking, insurance, legal and construction sectors, according to a PwC analysis
  • Ellie Donnelly
  • February 28, 2023
Transport

1 out of every 12 vehicles on Irish roads is not insured

Campaigners said not enough is being done to discourage uninsured driving
  • Paul O'Donoghue
  • February 20, 2023
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
  • Business Post
  • February 14, 2023
Health

Comment: Time for finance firms to stop discrimination against cancer survivors

Mark Lawler of Queens University Belfast and Averil Power of the Irish Cancer Society make the case for right to be forgotten laws
  • Mark Lawlerand
  • Averil Power
  • February 13, 2023
Politics

How the Irish insurance industry is punishing cancer survivors

The insurance industry is pushing back against proposed laws that would stop cancer survivors having to disclose their medical history for financial products
  • Daniel Murray
  • February 11, 2023
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
  • Aaron Rogan
  • February 7, 2023
Insurance

Cancer Society ‘astonished’ at move to delay law banning insurer penalties

Insurance 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
  • Daniel Murray
  • February 5, 2023
Companies

Insurer led by Irish CEO completes €300m takeover deal

Ardonagh Group, which recently bought Ireland’s largest network of insurance brokers, has closed its acquisition of Envest
  • Paul O'Donoghue
  • February 3, 2023
business

Vhi to raise premiums by 4.8% amid inflation and rising demand for healthcare

Increase will add more than €180 to the annual cost of health insurance for some families
  • Donal MacNamee
  • January 26, 2023
Companies

Operating profit at Supermac’s jumped to €37.7 million in 2021

Profit before taxation was €29.5 million for the year, up from €22.9 million in 2020
  • Ellie Donnelly
  • January 23, 2023
Business

Supermac’s boss says insurance premiums have risen by 25 per cent despite reforms

Pat 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
  • Ellie Donnelly
  • January 7, 2023
Insurance

Liberty considering selling its Irish insurance business as part of wider deal

US insurance giant Liberty Mutual is looking at offloading its entire European operations
  • Bloomberg
  • November 23, 2022
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
  • Peter O'Dwyer
  • November 19, 2022
Legal

Nine out of ten planes in lawsuit re-registered in Russia, says AerCap

Lessor is suing its insurers over the loss of 116 planes and 23 spare aircraft engines
  • Catherine Sanz
  • November 19, 2022
Insurance

Hospitality businesses are struggling to access insurance cover, publican says

Ciarán Hanley, a Galway publican, says cost of insurance policy has increased by 70 per cent and only one underwriter was willing to provide cover
  • Peter O'Dwyer
  • November 19, 2022
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
  • Paul O'Donoghue
  • November 15, 2022
Legal

Relief is ‘magic’ for publican who took FBD to High Court

Noel 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
  • Catherine Sanzand
  • Peter O'Dwyer
  • November 5, 2022

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