FBD welcomes Supreme Court decision to uphold personal injuries rules

FBD said its performance in the first three months of the year had been “solid”, although the business has been affected by storms, particularly Storm Isha in January.

FBD has welcomed a recent Supreme Court decision upholding the legality of judicial guidelines aimed at reducing personal injury awards, saying it gives the “certainty” and reaffirms the insurer’s assumptions about the new regime. In a first quarter trading update issued in advance of its annual general meeting on Thursday, FBD also said its performance in the first three months of the year had been “solid”, although the business has been affected by storms, particularly Storm Isha in January.

“We continue to see growth in gross written premium which has increased by approximately 9 per cent compared to the same period in 2023,” the insurer’s chief executive Tomás Ó Midheach said. “The growth in premium has come from increased new business policies written in business, retail and in particular, farm.

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