Insurance

FBD confident in full-year outlook ahead of AGM in Dublin

Company says that “while inflation continues to be experienced in property and motor damage claims, injury claims experience has been benign and there were no significant weather events.”

Insurer said the provision the company holds for Covid-19 business interruption claims relating to its pub policies remains at €42 million net of reinsurance. Picture: RollingNews.ie

Insurer FBD says it remains confident in its full-year outlook ahead of the company’s AGM in Dublin today, as the underwriting performance of the business this year has been in line with expectations.

In a statement on Thursday, Tomás Ó Midheach, FBD’s chief executive, said that “while inflation continues to be experienced in property and motor damage claims, injury claims experience has been benign and there were no significant weather events.”

He also noted that ...