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
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.
Price hikes were forcing many drivers off the roads. It suited insurers well at the time. Profits were juicy. Besides, they were also being hit by excessive legal bills when...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures