FBD Holdings PLC - Irish insurance firm - Appoints Tomas O'Midheach has chief executive officer with effect on February 1, 2021. Will be replacing interim CEO Paul D'Alton. O'Midheach's last role at Dublin-based lender AIB Group PLC after 14 years since 2006, leaving as chief operating officer.
For the first half of 2020, swings to pretax loss of EUR9.3 million from profit of EUR38.7 million for same period the year before. This was on gross written premium that declined by 7% to EUR176 million from EUR190 million. Combined operating ratio at 103% from 83%, impacted by business interruption claims costs. The lower this ratio the more profitable is an insurer's underwriting.
Current stock price: EUR6.32
Year-to-date change: down 24%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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