Cost to insurers will exceed all previous weather claims
Irish insurer FDB said recent flooding was the most expensive ever and would cut its full-year earnings, pushing its shares more than 6% lower, Reuters reports
"It is likely that the cost to the Irish insurance industry of this unprecedented flooding will exceed the cost of any previous weather-related event," FBD said in a statement. The flooding would increase its net incurred claims costs for 2009 by between €8m and €9m.
FDB said its full-year operating earnings per share (EPS) would fall by between 21 to 24 cents to within a range between 75 to 80 cents.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
