FBD defends share dividend as policyholder claims still unpaid
The company, which has been dogged by controversy over its handling of business interruption claims from businesses affected by the pandemic, said it expected the saga to cost it €44 million net of reinsurance after discussions with its reinsurers
FBD has defended the payment of a dividend to its shareholders following the publication of the insurer’s latest annual results despite 1,000 or so of its customers waiting almost two years to be compensated for losses arising from the Covid-19 pandemic.
The Irish insurance company last Friday announced a pre-tax profit of €110 million for 2021 compared to just €4.8 million the previous year.
The company, which has been dogged by controversy over its handling ...