FBD gave €50m in big freeze pay-outs

FBD is not planning any premium hikes despite paying out €50 million as a result of the big freeze and the floods last year.

However, the chief executive of FBD Andrew Langford said he expects some companies will hike motor insurance premiums in the near future.

FBD reported a first-half pre-tax loss of €7.8m which narrowed significantly from €21.7m on a year earlier.