FBD to announce plan to raise €100m

22nd August, 2015
Chief executive Andrew Langford stepped down suddenly at the end of July.

Insurer FBD Holdings will tomorrow unveil detailed plans to raise about €100 million as it looks to fend off questions about its capital levels and slumping share price.

FBD is also expected to warn consumers that substantial increases in insurance premium prices are on the way for a number of years.

It’s understood that acting chief executive Fiona Muldoon will provide specific details of the capital raising action when the company announces its half year...

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