Eureko targets FBD

Despite declining results over the last few years, FBD’s average return on equity from underwriting over the last five years is a staggering 51%

Irish insurance company FBD may be about to fall into foreign ownership following an approach from Eureko B.V., the Netherlands-based financial services group. If Eureko’s bid succeeds, Quinn Direct will be left as the only significant locally owned insurer in the Irish non-life market.