Farmers to benefit most from FBD €30m ‘loyalty bonus’

THE decision of FBD Insurance to return €30 million in “loyalty bonuses” to customers, mainly farmers, who have supported the development of the company through their initial investments and continued insurance business over the years is to be welcomed.

A breakdown of how the bonus rebates on insurance will be applied will be awaited with interest.

It is directly in line with a suggestion which I made here more than a year ago, that more profitable days for the insurance company should be reflected in a return to those who had made it all possible. The pioneering investors in this company in the 1960s were almost entirely farmers, many of whom loyally continued to insure with the company.