FBD welcomes Supreme Court decision upholding personal injury guidelines

The company's Gross Written Premium increased by around 9% compared to the same period in 2023

Last month, The Supreme Court ruled that personal injuries award guidelines approved by Ireland's judges three years ago are legally binding and remain in force. Picture: Brian Lawless/PA

Irish insurer FBD has welcomed the "certainty" brought by a recent Supreme Court decision upholding the legality of guidelines to reducing personal injury awards, adding that it "reaffirms the insurer’s assumptions about the new regime."

In a trading update for the first three months of 2024 issued ahead of its annual general meeting on Thursday, the insurer noted a "solid" start to 2024, despite having been impacted by storms, particularly Storm Isha at the beginning of the year.