FBD Holdings says first half was 'solid'

Insurers FBD Holdings have said the first half of this year has been 'solid', with its primary underwriting business in line with the same period last year.

The company said this morning that it regarded this as "a satisfactory result in an environment where some market participants continue to compete for new business at unrealistic rates".

Market conditions forced a different first half on the company's leisure and property development businesses in Ireland and Spain, where there has been a behind-budget performance to date.

FBD Holdings' interim results are scheduled to be announced on Wednesday, August 27.