No sign of insurance costs drop, warns FBD

Company's recovery continues, but chief executives calls for 'urgent reforms' on claims

More work needed on insurance costs, says FBD chief executive Fiona Muldoon. Picture: Maura Hickey

Insurance group FBD has reported a pre-tax profit of €11.9m for the first half of this year,continuing its recovery from a rocky period during which a series of profit warnings led it to axe its dividend. The company had made a loss of almost €3.7m in the same period last year.

But chief executive Fiona Muldoon warned that insurance customers would continue to pay higher insurance premiums unless there were “urgent reforms” to ...