FBD chief Muldoon defends insurer as Sinn Féin seeks 'schedule' to cut premiums

FBD chief executive Fiona Muldoon has defended the insurer’s profit levels, saying exceptional circumstances and not price rip-offs had led to it doubling profits to almost €113m last year.

Ms Muldoon was responding to renewed political criticisms about the insurance industry, as Sinn Féin finance spokesperson Pearse Doherty said he had written to FBD to ask it to set out a schedule to cut the costs of its premiums.