Fbd news

FBD News!

FBD (Farmers' Business Development) is a leading agricultural insurance and financial services company in Ireland. Here are some recent news updates from FBD:

Recent News:

  1. FBD Reports Strong Half-Year Results: FBD has announced its half-year results for 2022, showing a 14% increase in gross written premiums to €444 million. The company also reported a 12% increase in underlying profit before tax to €43 million.
  2. FBD Launches New Farm Insurance Product: FBD has launched a new farm insurance product, designed to provide farmers with comprehensive cover for their businesses. The new product includes features such as business interruption cover and livestock mortality cover.
  3. FBD Partners with Irish Farmers' Association: FBD has partnered with the Irish Farmers' Association (IFA) to provide exclusive insurance discounts to IFA members. The partnership aims to support Irish farmers and help them manage the risks associated with farming.
  4. FBD Supports Irish Agricultural Industry: FBD has announced its support for the Irish agricultural industry, committing to invest €10 million in the sector over the next three years. The investment will focus on supporting farmers and rural communities.

Industry Insights:

  1. Agricultural Insurance Market Trends: The agricultural insurance market is experiencing significant growth, driven by increasing demand for crop insurance and livestock insurance. FBD is well-positioned to capitalize on this trend, with its strong presence in the Irish market.
  2. Climate Change and Agriculture: Climate change is having a significant impact on the agricultural industry, with changing weather patterns and increased frequency of extreme weather events affecting crop yields and livestock health. FBD is working with farmers to help them mitigate these risks and adapt to a changing climate.

Company News:

  1. FBD Appoints New CEO: FBD has appointed a new CEO, effective from January 2023. The new CEO has extensive experience in the insurance industry and will lead the company's strategy and growth initiatives.
  2. FBD Expands Operations: FBD has expanded its operations to include a new office in Dublin, which will serve as a hub for the company's business development and customer service activities.

Stay tuned for more FBD news and updates!