Monday August 10, 2020

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

Ian Guider

Markets Editor

22nd August, 2015
FBD’s head office on the Naas Road in Dublin Picture: Maura Hickey

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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