Merrion Capital News

Ireland’s FBD Reports H1 Loss of $97.7M, Versus Profit of $6.8M in 2014

FBD Holdings plc fell to a five-year low after Ireland’s only publicly traded insurer posted one of its biggest first-half losses on record and said it’s unlikely to be profitable until the end of 2016. The company will sell as …

FBD Shows How to Lose Money, Even During Ireland’s Economic Recovery

Usually, economic recovery helps companies. Not so FBD Holdings plc. FBD, Ireland’s only publicly traded insurer, will publish first-half earnings in Dublin on Aug. 24, with analysts waiting to see whether the increasing claims linked to accelerating economic activity it …

Ireland’s FBD Could Sell as Much as $83M of Debt to Meet Solvency II Rules

FBD Holdings plc may seek to sell as much as 75 million euros ($83 million) of subordinated debt to ensure it meets new solvency rules, Darren McKinley, an analyst at Merrion Capital said. Insurance company FBD may need a capital …